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Marissa Mayer – Image Credit Hilton
Hilton Worldwide Holdings Inc. has nominated technology entrepreneur and seasoned business leader, Marissa Mayer, to stand for election to the company’s Board of Directors at the Annual Meeting of Shareholders in May. If elected, Mayer will succeed long-standing Director Judith McHale, who plans to retire this year.
Hilton Worldwide Holdings Inc. (NYSE: HLT) recently announced that it has nominated Marissa Mayer, a veteran business leader and technology entrepreneur, for election to the board at the company’s Annual Meeting of Shareholders, scheduled for May. If shareholders elect Mayer, she will succeed Judith McHale, a long-time director at Hilton, who has expressed her intentions to retire from the board at this year’s Annual Meeting.
Jon Gray, chairman of Hilton’s Board of Directors, spoke highly of both women. He expressed excitement about welcoming Mayer, citing her extensive expertise in the technology and consumer sectors. This knowledge is particularly valuable at a time when innovative technologies offer myriad growth opportunities for companies. Gray lauded Mayer’s legacy as a technology innovator, entrepreneur, and Fortune 500 CEO, making her well-suited to support Hilton in its next growth phase.
Mayer is known for her deep technology expertise, having served as CEO of Sunshine Products since 2018 and previously as CEO, president, and Yahoo! Inc. board member from 2012 to 2017. Her venture, Sunshine Products, a technology startup founded in 2018, leverages artificial intelligence to create consumer-facing applications for automating everyday tasks. Before leading Yahoo!, Mayer spent 13 years at Google, Inc., holding roles of increasing responsibility and leading Google Search, Google Maps, Google News, and other consumer products for over a decade. She also serves on the boards of AT&T, Walmart Inc., and Nextdoor Holdings, Inc.. She holds a bachelor’s degree in symbolic systems and a master’s degree in computer science from Stanford University.
McHale, who joined the Hilton board in 2013, has been a member of the Audit Committee and Compensation Committee. She has chaired the Compensation Committee since 2018. McHale has been president and CEO of Cane Investments, LLC since August 2011 and served as undersecretary of state for Public Diplomacy and Public Affairs for the U.S. Department of State from May 2009 to July 2011. McHale has also served as president and CEO of Discovery Communications and is currently on the board of directors of Paramount.
The potential addition of Mayer to Hilton’s board signals the company’s continued commitment to leveraging technology in the hospitality industry. Mayer’s technological background and business acumen position her well to contribute to Hilton’s growth and innovation strategies in an increasingly digital and automated business environment.
