He didn’t have good people skills and didn’t understand the operation of the business. If you believe the conventional wisdom about family businesses—that talented nonfamily executives won’t stick around, because they feel they have little chance of being promoted to the most senior jobs, which are reserved for family members—you’d think he would have been pretty excited about those opportunities. Photography: Getty Images/Bloomberg The Idea:For decades Bill Marriott expected that his son would become the third generation to lead the global hotel company. Here are 10 things that you may or may not have known about Arne Sorenson: 1. Copyright © 2020 Harvard Business School Publishing. As I watched John adapt to this role, I could see that he wasn’t having much fun. In 2009 Arne was promoted to president and chief operating officer. Most recently he sold 100,000 units of MAR stock worth $12,872,000 on 28 December 2020.. My father was worried that I was too young, but Marriott was still small at the time—we had about $85 million in annual revenue—and I think he figured he’d be around long enough to bail me out if I got into trouble. Arne Morris Sorenson (born 1958) is an American hotel executive. Arne Morris Sorenson (born October 13, 1958) is an American hotel executive. Born and raised in Japan until he was 7 years old, when his family relocated to St. Paul, Minnesota, Marriott International president and CEO Arne Sorenson was introduced to travel at an early age. My daughter, Debbie, is the mother of five, and although she worked at Marriott as a teenager, she stayed home with her kids for three decades. Furthermore, our name is on the door, and that signals a level of personal accountability. As expected, Sorenson replaced him, becoming the first non-family member to head Marriott. With his acquisition of Starwood three years ago, Arne Sorenson created the world’s largest hotel empire. I don’t recall thinking of us as rivals until a, Without Reservations: How a Family Root Beer Stand Grew Into a Global Hotel Company. "I am honoured to be that person and I take the responsibility extremely seriously," says Sorenson, when asked about the pressures of being the first non-family member to lead the company. We had a senior director on our board who had been the chairman of three companies, and my father really relied on him. Arne Sorenson is president and chief executive officer of Marriott International Inc. He’s often thoughtful, and he’s a good listener. But Arne is only 54, so it’s premature to think too deeply about who might succeed him. He is interesting in that he is the first person from outside of the Marriott family to run Marriott International. Over time we both came to the conclusion that, wonderful as it would have been for me to hand Marriott off to my son, he wasn’t the right choice. So that was a concern. He joined the Microsoft board of directors in November 2017. As expected, Sorenson replaced him, becoming the first non-family member to head Marriott. We had a good relationship, and we still do. Marriott Marquis in Dubai. Scopri le migliori foto stock e immagini editoriali di attualità di Arne M Sorenson su Getty Images. And to be clear, I still consider Marriott to be a family-led firm. I haven’t. I have four children, and I had always hoped that one of them would succeed me as CEO, just as I succeeded my father. Founded by J. Willard Marriott, the company is now led by his son, Executive Chairman Bill Marriott, and President and Chief Executive Officer Arne Sorenson. I first met Arne Sorenson, who eventually succeeded me, in 1993. He completed radiation treatment and immunotherapy earlier that year and underwent another round of chemotherapy post surgery. I didn’t find it difficult. This admiration is clearly mutual. Did you receive guidance on how to develop in that area? Do you agree with Bill Marriott, who says there’s a real benefit to having a family member in the CEO job in a family company? He was 35. I don’t believe in horse-race succession—it’s disruptive, and the person who loses inevitably ends up leaving the company. The directors became very supportive of him, and he performed well. In all, John spent three decades at Marriott. It’s been more than a year since Arne officially took over, and I’m quite happy with how the process has turned out. 15 Dec 2011. Page monitored by Marriott International. Arne Sorenson was born circa 1890, at birth place. The company now has more than 7,500 properties across 132 countries and territories and 30 brands. If I’d followed my own heart, I probably would have chosen him as my successor. My son John devoted his heart and soul to learning the business. The son of Midwestern Lutheran missionaries, Sorenson, 58, was born in Tokyo and lived there until he was 7. We brought him in to head our mergers and acquisitions team. Print. Arne Sorenson: The short answer is ‘with no plan.’ I am the son of a Lutheran preacher. He writes here about meeting Arne Sorenson, hiring him, and grooming him to become the current CEO. Marriott CEO Arne Sorensen Says Most of the World Has Seen the Bottom. Arne Sorenson. Both my grandfathers were Lutheran preachers. I went to law school instead. Beyond his performance, the most important thing Arne did during those years was develop his people skills. Something that Sorenson is well-suited for, seeing as how he brought a fair amount of expertise and experience with him from his previous positions. By most measures, Sorenson has enjoyed extraordinary success. After all, I’d literally learned the business visiting restaurants with my father as a young boy, and I’d worked part-time in different jobs at the company since I was 14. Marriott was involved in a big lawsuit, and Arne was one of the lawyers who represented us. I do. Arne M. Sorenson is President and Chief Executive Officer of Marriott International, Inc., a global leading lodging company with more than 4,300 lodging properties in 81 countries and territories and reported revenue of more than $14 billion in fiscal year 2014.. Mr. Sorenson presides over one of the world’s largest hospitality companies and some of the most iconic brands in travel.  A graduate of Luther College and the University of Minnesota Law School,   Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. My father, who’d started the business in 1927 with a root beer stand in Washington, DC, before moving into restaurants and then hotels, had an experienced executive vice president working for him who many thought would succeed him. It was a favorite saying of our founder J. Willard Marriott and his son, Bill Marriott. Previously, Mr. Sorenson was Marriott’s President and Chief Operating Officer. The company still has deep family involvement, and hopefully will have continuing family involvement, so this isn’t a dramatic change. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. He is the President and Chief Executive Officer of Marriott International. And if a family company chooses its first nonfamily CEO, that doesn’t necessarily mean no family member will serve as its top executive in the future. I don’t recall thinking of us as rivals until a Wall Street Journalstory appeared that described us that way. Since then he has founded a medical testing company, which is going to be very successful, and he also serves as the CEO of JWM Family Enterprises, a family trust that he founded, which owns and operates 16 hotels. He really liked working in the Marriott culture, and he wanted to stay near Washington, where he’d lived since college and where he and his wife were raising their family. Purtroppo, secondo quanto riportato da Skift, si teme che molte proprietà affiliate a Marriott International non riusciranno a riaprire i battenti al termine della crisi. This is an 85-year-old company that until 2012 had had only two CEOs, and our family’s involvement provides a great sense of continuity. (An edited interview with Sorenson accompanies the article.) The Idea:For decades Bill Marriott expected that his son would become the third generation to lead the global hotel company. Arne Sorenson Last updated November 16, 2020. That’s not the way I’m built. Their son, Arne, moved home to help on the farm in the late 90s. The coronavirus has hit Marriott International's business worse than 9/11 and the Great Recession combined, CEO At the age of 32, Bill Marriott became the head of the company his father had built up from its beginnings as a root beer stand in 1927. He remained based at our U.S. headquarters, in Bethesda, Maryland, but he spent one week every month visiting hotels in Europe, and he really began to understand the business from the bottom up. He was obviously very smart and articulate. That isn’t the life for him. Sorenson had surgery for pancreatic cancer in November 2019, but continued to run the company. But gradually he realized that he had to make a different choice. Join Facebook to connect with Arne Sorenson and others you may know. During his time at Marriott, I watched him become very patient with people. Family: Wife: Ruth Marie Sorenson, four children Age: 53 Born: Tokyo, Japan Current residence: Chevy Chase, MD, 20815 In February of 2012, activists with Jobs with Justice and “Shareholder Spring” attempted to visit Mr. Sorenson in his office. But I never felt that with John. In 2002 he joined our board. Arne has made over 17 trades of the Marriott International stock since 2005, according to the Form 4 filled with the SEC. Find Arne Sorenson in Washington, DC and get their phone number, relatives, public records, and past addresses including Maryland and Maryland. He was born in Tokyo.He studied at the University of Minnesota.. Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. The case involved a lot of incredibly complicated financial details, and Arne helped me first to understand and then to explain them so that they sounded simple. The process evolved naturally and over a long time, and it has actually felt fairly seamless. Age. Have you looked at how other companies have transitioned from family CEOs to nonfamily CEOs? The family helps engender a kind of loyalty. He and his wife Ruth live in the Washington, D.C., area, where they raised four children. In 2016, he led Marriott International’s $13.6-billion acquisition of Starwood Hotels & Resorts, catapulting the company’s total number of hotel rooms to more than 1.2 million. John had worked here for 20 years before I arrived, and by that time he had a big job. Arne and John didn’t act like rivals, and I’m sure that if John had succeeded me, Arne would have given him a chance and stayed on in a senior role. Scegli tra immagini premium su Arne M Sorenson della migliore qualità. Arne and his wife, Ruth. My first real experience with him came on the day he prepared me for a deposition. He obviously had deep insights into the hotel business, which he continues to offer as vice chairman of our board. That leaves my son John, who is 52.  A graduate of Luther College and the University of Minnesota Law School,   Sorenson became the head of the largest publicly traded hotel chain in the world on March 31, 2012. Arne Sorenson non ha dubbi: «l’impatto del coronavirus è decisamente peggiore di quello dell’11 settembre e della Grande Recessione».Il ceo di Marriott International rilascia un’intervista a Bloomberg, e parla di quanto i suoi hotel stiano subendo la negatività del Covid-19, con la Cina che, dopo l’avvio del trend negativo a gennaio, prosegue con la sua ripartenza. Although the announcement, in December of 2011, was treated as big news because Marriotts had been in the top job for nearly 85 years, it wasn’t much of a surprise to people who knew the company. New Brand Builds on Sorenson’s Past, Reflects Future Possibilities My wife and I had dinner with John and his wife recently, and I mentioned that I’d spent the day in a 10-hour management meeting. Founder's son hands over management to Arne Sorenson after 60 years . Arne Sorenson, the chief executive of Marriott International, has been diagnosed with pancreatic cancer and will continue in his role while undergoing treatment, the company said Friday. Many companies have mandatory retirement at 65, and a lot of CEOs today are retiring in their fifties. He doesn’t have the temperament to run a company the size of Marriott today, with 3,800 properties and 18 brands. Here people have dramatically different backgrounds and skills, and I needed to understand that kind of culture. I look at Ford Motor Company, which family members ran from its founding until 1979, when a series of nonfamily CEOs took over. He worked extremely hard, and he knew the business from A to Z. I was determined to mentor him and to give him all the tools he would need to succeed. My youngest child, David, is just 39, and a phenomenal executive. 17 febbraio 2019, 11:35; Canada nuova Silicon Valley per l'esodo dei cervelli stranieri dagli Usa – dal nostro corrispondente Riccardo Barlaam. Arne Sorenson is President and Chief Executive Officer of Marriott International. As far as I know, Arne didn’t seriously consider leaving. Petitioning Arne Sorenson Restore Atul Kochhar's contract with Marriott Dubai Dear Mr. Sorenson, We, the undersigned, petition you to reinstate the contract of Mr. Atul Kochhar, the Michelin star chef, who ran the Rang Mahal Indian restaurant at J.W. But that didn’t make it a horse race between him and John. I checked in with some of those people from time to time, and it was obvious that Arne had quickly become well respected and well liked by everyone in the field. We all shop at Target, but who is Mr. Target? Sorenson:I’d never even contemplated being chief financial officer, let alone having a job higher than that. He is the President and Chief Executive Officer of Marriott International. Arne has made over 17 trades of the Marriott International stock since 2005, according to the Form 4 filled with the SEC. During those years, Arne was an attractive executive for other companies that needed new leadership. He went on to work in nearly every part of the business over the next 30 years. But that doesn’t rule out another Marriott as the fourth chief executive, he says. Confident and excited as I am to have Arne as our CEO, I continue to believe in the advantages of having a Marriott family member in that job.