Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Tesla Q2 Deliveries Lift Chinese Auto Suppliers as EV Demand Improves 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
Meta Stock Jumps as AI Cloud Expansion Challenges AWS, Microsoft, and Google 
Marriott International announced that it has already appointed someone to replace Arne Sorenson, who passed away last week due to cancer. The American multinational hospitality company picked Tony Capuano as the new chief executive officer.
The assignment of new leaders after Sorenson’s departure
As per Reuters, Marriott International also named Stephanie Linnartz as the company’s president. She was promoted from her previous post as consumer operations chief.
The 55-year-old Anthony “Tony” Capuano will be joining the hotel chain’s board of directors. He will immediately take over as he succeeds Sorenson. He has been with the company for nearly 26 years now and was the president of global development, design, and operations before being promoted to the CEO post.
"Tony has played a critical role in Marriott's growth over the last decade," Marriott International executive chairman and chairman of the board, J.W. Marriott, Jr., said in a press release as they welcome Capuano as the new chief. "He will be a terrific leader as we continue to advance our growth strategy while also navigating the market dynamics of the COVID-19 pandemic.”
He added, “Together with Stephanie in the role of President, and the rest of our exceptional leadership team, Marriott could not be in better hands.”
In response, Capuano said that he is honored to “take the helm of Marriott,” though it is sort of a bittersweet moment as they lost their long-time leader. He then described Sorenson as “a mentor, a champion and a friend to each member of the leadership team.”
Who is Tony Capuano?
The newly-appointed Marriott CEO is the second chief who is not a member of the Marriott clan. His predecessor was the first one who has assumed the role even if he is not in any way related to the family that built the hotel empire bearing their surname.
Tony Capuano first entered Marriott in 1995 as one of the team members in the Market Planning and Feasibility department. From 2005 to 2008, he went up the business ladder and became the company’s senior vice president of full-service development for North America.
Finally, in 2009, as his responsibilities broaden and included managing the U.S., Canada, the Caribbean, and Latin America, he became Marriott’s executive VP and global chief development officer. His role in the firm continued to ascend until he reached the CEO post today.
