Marriott Vacations CEO Geller resigns at board request; Avril named interim CEO

MARRIOTT VACATIONS WORLDWIDE Corp

John Geller resigned as President/CEO and director at board's request effective Nov 10; not due to disagreement.
Separation includes $5M severance (2x salary+bonus) plus $1.29M prorated bonus, restrictive covenants.
Board appointed Matthew Avril as Interim President/CEO; base salary $1M/yr plus equity (SARs 100k shares, RSUs 50k shares).
Company reaffirms 2025 guidance issued Nov 5; postpones Dec 17 Investor Day indefinitely.
Company intends to repurchase shares opportunistically under remaining $347M buyback authorization.

item 5.02item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.