Leeny Oberg, one of Marriott International's top executives, plans to retire next year from her role as chief financial officer and executive vice president of development.
Oberg's final day with Marriott will be March 31, 2026, wrapping a 26-year career with the Bethesda, Maryland-based company. At the time of her retirement, she will have served as CFO for 10 years. In 2023, she took on the additional duty of leading growth for Marriott's global lodging portfolio.
"It has been an honor to be part of the Marriott team, and a privilege to serve as the company's CFO for the past decade and the leader of the development organization over the past few years," Oberg said in a news release. "Reflecting on my tenure, I am most proud of my teams and what we have accomplished together. While it's never easy to leave a company and job you love, I have the utmost confidence in the leaders who will assume these roles and am very optimistic about the strategic path Marriott is on. I look forward to working collaboratively with them to ensure a smooth transition for the company."
Two executives will step in to fill Oberg's shoes. Global Officer, Treasurer and Risk Management Jen Mason, who has worked on Marriott's financial team for 33 years, will become the company's new CFO on April 1, 2026. Shawn Hill, who currently serves as chief development officer in the Asia-Pacific region excluding China, will take on the role of executive vice president and chief development officer for the company as a whole. He's been with Marriott for nearly 28 years, and his new role is effective Jan. 1.
Marriott President and CEO Anthony Capuano said Oberg's impact on the company is "long-lasting," and spoke to her leadership during the pandemic and keeping Marriott cost competitive.
"Leeny's strength lies in the depth of her expertise, but also in her warmth, relatability and dedication to support those who work with her," he said. "As a result, she has built a deep bench of talented leaders who are ready to take the next steps on the exceptional path she has helped carve for Marriott."
Capuano said Mason and Hill "will bring an incredible depth of experience and demonstrated leadership to their roles, making them well-positioned to drive Marriott's continued growth and success in the years to come."
"Jen's strategic financial acumen and Shawn's proven development expertise will help ensure that Marriott continues to lead the industry," Capuano said. "I look forward to continuing to work closely with them as we build on our legacy of innovation and excellence."
Oberg's final act as CFO will be overseeing Marriott's filing of its 2025 Annual Report on Form 10-K, but she will remain with the company through March to help ensure a smooth transition.
In May, on the company's first-quarter earning's call, Oberg addressed Marriott's slightly lower outlook, which dropped RevPAR growth expectations for the full year to 1.5% to 3.5%, which was down from the 2% to 4% growth it forecast at the end of 2024.
“The updated view that we’re sharing today does not incorporate a recession,” Oberg said on the call. “It reflects our current booking trends and assumes that, broadly speaking, they continue.”
Marriott's next earning's call, which will focus on the second-quarter results and outlook for the rest of the year, is scheduled for Aug. 5.