LA Biz Observed
 
Bio • Email • Archive
 

 

He's Matthew J. Hart, currently president and COO, and he'll replace longtime CEO Stephen Bollenbach early next year. Bollenbach's departure was announced earlier this year. Hart, who joined Bev Hills-based Hilton in 1996 as chief financial officer, will be only the fourth CEO in the company's 90-year history, following Conrad N. Hilton, Barron Hilton and Bollenbach. The long-term growth outlook is quite strong (there's been takeover speculation from time to time), even though first-quarter earnings fell 9 percent and full-year earnings guidance was lowered. Hilton blames it on the cost of renovating some of its properties.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
2:25 PM Fri | Martin Gomez, the head librarian for Los Angeles since 2009, will become vice dean in the USC Libraries on April 2.