Wyndham Worldwide Announces Departure of Business Unit Head

Wyndham Worldwide Announces Departure of Business Unit Head

September 04, 2008 // Franchising.com // Parsippany, NJ Wyndham Worldwide (NYSE:WYN) today announced that Steven A. Rudnitsky, president and chief executive officer of the Wyndham Hotel Group business unit, is leaving the company to pursue other interests. A search for a new CEO for the business is underway.

"Steve's leadership transformed our lodging business from a pure domestic franchise company into a major global franchise and management company through the acquisition of world-class brands, acceleration of international hotel development and the strengthening of our core domestic operations. I thank him for his many valuable contributions. As we search for his successor, we will be looking for a new leader who can build on this solid and stable business platform," commented Stephen P. Holmes, chairman and CEO of Wyndham Worldwide.

About Wyndham Worldwide

As one of the world's largest hospitality companies, Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands. Wyndham Hotel Group encompasses almost 6,550 franchised hotels and almost 551,000 hotel rooms worldwide. Group RCI offers its more than 3.6 million members access to over 67,000 vacation properties located in approximately 100 countries. Wyndham Vacation Ownership develops, markets and sells vacation ownership interests and provides consumer financing to owners through its network of approximately 145 vacation ownership resorts serving over 800,000 owners throughout North America, the Caribbean and the South Pacific. Wyndham Worldwide, headquartered in Parsippany, N.J., employs more than 33,000 employees globally.

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