Starwood Hotels & Resorts interim CEO Adam Aron will step down at the end of the year to become CEO of theater chain AMC Entertainment Holdings, and Starwood CFO Thomas Mangas will succeed Aron.
Starwood in February named Aron, a company boardmember, interim CEO after previous CEO Frits van Paasschen stepped down.
Under Aron, Starwood reached a $12.2 billion agreement to be acquired by Marriott International. That acquisition is slated to close by mid-2016. Under Aron, Starwood also announced a plan to increase the number of hotels under its flagship Sheraton brand by about a third by the end of the decade.
Aron had been CEO of Vail Resorts and Norwegian Cruise Line before joining Starwood’s board in 2006. Mangas was a longtime Procter & Gamble executive and was CEO of Armstrong Floor Products before joining Starwood last year.