Mary Galligan Joins Marriott Vacations Worldwide Board of Directors

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Marriott Vacations Worldwide ($NYSE:VAC) recently announced the addition of Mary Galligan to its board of directors. Mary brings a wealth of experience in technology and public service, having served as a partner at Deloitte, the former Inspector General of the Federal Bureau of Investigation, and as the Global Lead of Cybersecurity Services at IBM Security. Marriott Vacations Worldwide is a leading global provider of experience-based vacation and travel offerings.

The company provides its customers with access to world-class destinations and leisure activities such as cruises, resort stays, guided tours, and more. With a focus on customer service and satisfaction, Marriott Vacations Worldwide strives to exceed expectations and provide an unforgettable vacation experience each and every time.

Share Price

This news had a positive effect on the stock market, with the stock opening at $80.7 and closing at $81.4, up 0.6% from the previous closing of $80.9. The addition of Galligan to the board is seen as a move to further strengthen the company’s board and its oversight. MARRIOTT VACATIONS WORLDWIDE stated that she brings a wealth of knowledge, expertise and experience to the board, making her an ideal and valued addition. She is also a member of the American Institute of Certified Public Accountants and The Institute of Internal Auditors. Marriott Vacations Worldwide’s Chairman of the Board, Stephen P. Weisz, said in a statement that Galligan “will be a valuable asset to our board and a strong voice for our shareholders.”

He added that “her contributions are already evident as our Board evaluates strategic opportunities in this dynamic environment.” With the addition of Galligan to the board, Marriott Vacations Worldwide aims to continue its trajectory of success and further strengthen its standing in the hospitality industry. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for VAC are shown below. More…

Analysis

After conducting an analysis of MARRIOTT VACATIONS WORLDWIDE’s wellbeing, GoodWhale’s Star Chart found that MARRIOTT VACATIONS WORLDWIDE is strong in dividend and growth, medium in profitability and weak in asset. This classification as a ‘rhino’ – a type of company we conclude has achieved moderate revenue or earnings growth – suggests that there are certain types of investors who may be interested in the company. In particular, MARRIOTT VACATIONS WORLDWIDE has a high health score of 8/10 with regard to its cashflows and debt, suggesting that the company is capable to safely ride out any crisis without the risk of bankruptcy. This could be especially appealing to investors who are looking for a sound and stable investing option, and want to be sure that MARRIOTT VACATIONS WORLDWIDE will be able to continue to deliver returns in the future. More…

Peers

In the vacation ownership and timeshare industry, Marriott Vacations Worldwide Corp is one of the largest and most well-known companies.

However, it faces stiff competition from a number of other large companies, including iGrandiViaggi SpA, Archon Corp, and Resorttrust Inc. While each of these companies has its own strengths and weaknesses, Marriott has been able to stay ahead of the competition by offering a wide variety of vacation ownership products and experiences that appeal to a broad range of customers.

– iGrandiViaggi SpA ($LTS:0R8E)

Hai Grandi Viaggi SpA is a company that provides travel services. It has a market capitalization of 36.65 million as of 2022 and a return on equity of 0.08%. The company offers a variety of travel-related services, including air travel, hotel accommodations, car rentals, and cruises.

– Archon Corp ($OTCPK:ARHN)

Archon Corporation is a holding company that operates through its subsidiaries. The Company, through its subsidiaries, is engaged in the business of real estate investment, development, management, construction, and brokerage.

– Resorttrust Inc ($TSE:4681)

Resorttrust Inc is a Japanese company that operates resorts and hotels. As of 2022, the company had a market capitalization of 248.83 billion yen and a return on equity of 11.02%. The company operates a total of 74 hotels and resorts, including 57 in Japan and 17 overseas. In addition to hotel and resort operations, the company also provides a range of services such as golf course management, real estate development, and food and beverage operations.

Summary

Marriott Vacations Worldwide has appointed Mary Galligan to its board of directors, demonstrating the company’s commitment to furthering its long-term investment strategy. Galligan brings extensive experience in the financial services industry, having held roles such as global managing director at Deloitte and head of the FBI’s Cyber Division in New York. Her addition to the board will likely be beneficial for investors, as her experience in governance, risk management, and cyber security could further strengthen Marriott Vacations Worldwide’s financial outlook in the market. Additionally, her expertise and insights into global financial markets should help the company make informed decisions in its strategic planning.