Marriott Vacations Worldwide (VAC) announced that Lori Gustafson, Executive Vice President and Chief Brand and Digital Officer, will separate from the company effective July 31, 2026. The departure is the result of an internal reorganization that includes the elimination of her position.
Key Details
- Executive Departure: Lori Gustafson will leave the company following the elimination of the EVP and Chief Brand and Digital Officer role.
- Effective Date: The separation is effective July 31, 2026.
- Separation Agreement: Ms. Gustafson will receive a severance payment of $1,425,000, representing 1.5 times her 2026 base salary and target bonus. She may also receive an additional payment based on the company's 2026 performance.