Marriott Vacations Worldwide Corporation has appointed Christian Alejandro Asmar to its Board of Directors. Asmar, co-founder and Managing Partner of Impactive Capital, joins the board as the company plans to establish two new ad hoc committees focused on modernization and technology innovation. Impactive Capital, holding 9.5% of MVW's shares, has entered into a support agreement with the company. Following Asmar's appointment, the board consists of 12 directors, 11 of whom are independent.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.