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Investing.com -- Vail Resorts Inc (NYSE:MTN) shares surged 12.4% following the announcement that Rob Katz, the company’s current Executive Chairperson and former CEO, will reassume the role of CEO. This leadership change comes as Kirsten Lynch steps down from the CEO position and the company’s Board of Directors, although she will remain in an advisory capacity to ensure a smooth transition.
The move, which was announced today, has been interpreted by the market as a positive step, given Katz’s prior experience and successful track record with the company. During his previous tenure as CEO, Katz was instrumental in driving innovation and maintaining consistent performance, even during periods of industry stagnation and challenging economic conditions. His return is seen as a strategic play to continue the company’s momentum and uphold its position as a leader in the global ski industry.
Bruce Sewell, Lead Independent (LON:IOG) Director of the Board, expressed confidence in Katz’s leadership, highlighting his significant contributions to Vail Resorts’ operations and long-term strategy over the past three decades. Sewell also acknowledged Lynch’s role in the company’s growth, particularly her efforts in expanding the Epic Pass and steering the business through unprecedented challenges.
In his remarks, Katz emphasized his commitment to the company’s stakeholders, innovation, and continuous improvement, expressing optimism for the future of Vail Resorts. Lynch reflected on her time with the company with gratitude, celebrating the team’s passion and her experience as CEO.
As Vail Resorts looks ahead, the company reaffirmed its fiscal 2025 guidance, expecting Resort Reported EBITDA to be in the lower half of the previously issued guidance range, excluding one-time costs related to the CEO transition. Early season pass sales, a key indicator of the company’s performance, are reportedly in line with the trends established in the April 24, 2025 metrics release.
The company will provide further details on its fiscal 2025 outlook and pass sales results during its third-quarter earnings call on Thursday, June 5, 2025. Katz’s extensive experience with Vail Resorts and his previous roles in the industry, including his work with the Katz Amsterdam Foundation and board memberships, underscore his deep connection to the company and the broader ski community.
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