BETHESDA, MD—Marriott International Inc. has revealed plans to withdraw its common stock from listing on NYSE Chicago, formerly known as the Chicago Stock Exchange. The company decided to withdraw the listing to reduce administrative costs and requirements.
Marriott anticipates that the withdrawal will be effective on Sept. 20, and that NYSE Chicago will suspend trading in its common stock before the market opens on Sept. 21. Marriott’s common stock will continue to be listed on the Nasdaq Global Select Market.
In other Marriott news, Felitia Lee has been appointed to the positions of controller/chief accounting officer. She will report to Leeny Oberg, EVP/CFO, and succeeds Bao Giang Val Bauduin, who is taking on the role of CFO for consumer operations, technology and emerging businesses for the company. Lee joined Marriott in May, supporting management of the company’s accounting operations.
“Felitia brings a strong track record of leading large organizations through change and delivering results,” said Oberg. “Felitia has significant financial experience in controllership, audit, shared services and acquisitions and integrations. I look forward to her and Val playing pivotal roles in leading Marriott into the future.”
Prior to Marriott, Lee served as SVP/controller for Kohl’s Corporation, where she led financial reporting, Sarbanes-Oxley processes, capital management, tax planning and compliance.
Before that, she held numerous roles with PepsiCo Inc., culminating in positions as VP/controller of Pepsi Cola North America, and after its merger with two of its largest bottlers, VP/controller of the Pepsi Beverage Company.