Tuesday February 25th, 2014 - 9:39AM
STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. today announced that Osvaldo V. Librizzi will step down from his current role, co-president of The Americas, at the end of the year and will serve as non-executive chairman until the end of 2015.
Sergio Rivera, currently co-president of The Americas, will become president of the Americas and assume full responsibility for the region, and Jorge Giannattasio, currently SVP CFO of The Americas, has been appointed to the role of Chief of Latin America Operations & Global Initiatives, and this summer will begin overseeing regional operations, reporting directly to Rivera.
As part of his planned retirement, Librizzi will work closely with Rivera and Giannattasio to ensure a smooth transition throughout the year.
Frits van Paasschen, president and CEO of Starwood, said in a statement, “On behalf of the entire Starwood team, I would like to thank Osvaldo for his many contributions and dedication to our company over the last nearly 40 years. Osvaldo helped shape our organization in Latin America, growing both our geographic footprint across Mexico and Central and South America, as well as our talented team in the region. Today, we have nearly 8,500 associates and 80 hotels in Latin America, with another almost 20 hotels in our pipeline.”
van Paasschen continued, “We always view change as an opportunity for other capable leaders within Starwood to take on new roles and challenges, and Jorge Giannattasio is the ideal leader to manage our expanding operations in Latin America. Under the experienced direction of Serge and Jorge, we are confident Starwood will continue to build on its already strong position as the leading high-end hotel operator in the region.”
Osvaldo Librizzi stated, “I’m lucky to have spent almost four decades building Starwood in Latin America, and I am proud of our team and all that we’ve accomplished together. I’ve had a rewarding career, and while change is never easy, now is the right time for me to begin the transition. Our business in Latin America has a great growth trajectory, and I look forward to working with Serge and Jorge to ensure a smooth transition in the months ahead and, longer term, to continuing to work with Starwood to support our development throughout the region.”