Marriott International Chief Financial Officer and Executive Vice President of Development Leeny Oberg will depart the hotel company after 26 years, Marriott announced Monday.
Oberg will retire March 31, 2026. Marriott veterans Jen Mason and Shawn Hill will succeed her, taking on the roles of CFO and chief development officer, respectively.
Oberg departs Marriott after serving as CFO since 2016. In February 2023, she was additionally tapped to lead the company’s global lodging portfolio. Prior to her current roles, Oberg held the title of CFO for The Ritz-Carlton Hotel Company. Since joining Marriott as part of its investor relations group in 1999, Oberg has held multiple financial leadership positions.
Since Oberg became CFO in 2016, Marriott has seen a “significant increase in shareholder value, with the stock meaningfully outperforming the S&P 500,” Chairman Emeritus J.W. Marriott Jr. said in a statement.
CEO Anthony Capuano said that Oberg’s “focus on value creation is evident in everything she does,” whether that be “navigating the pandemic successfully, enhancing the company’s cost competitiveness or having a disciplined and strategic approach to investing in growth.”
Oberg created “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 added.
Mason, a 33-year Marriott veteran, will assume the role of CFO once Oberg steps down next spring. Mason currently serves as Marriott’s global officer, treasurer and risk management, overseeing global capital market activities and hotel financing; financial strategy and capital allocation; financial risk management and global capital transactions; and treasury services, per the company.
Mason previously served as Marriott’s CFO for the U.S. and Canada, according to her LinkedIn profile.
Marriott has also named Hill as CDO, effective Jan. 1, 2026. He will initially report to Oberg and later to Capuano. Hill has worked at Marriott for nearly 28 years and is currently CDO for the company’s Asia Pacific Excluding China region.
“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,” Oberg said in a statement.
The news of Oberg’s exit comes several months after Marriott made several key executive leadership changes on the heels of a broader organizational restructuring that resulted in more than 800 corporate layoffs across the company.
