PARSIPPANY, New Jersey—Wyndham Inns & Resorts introduced that Michele Allen, chief monetary officer and head of technique, can be departing the corporate to pursue a brand new profession alternative exterior of the lodge trade. Kurt Albert, presently treasurer and head of economic partnerships and planning, has been appointed interim chief monetary officer, efficient instantly. Wyndham plans to conduct a seek for a everlasting chief monetary officer, which can embrace consideration of each inside and exterior candidates. Ms. Allen will serve in an advisory function at Wyndham by means of the top of 2025 to assist a easy transition.
“Michele has been a useful member of the Wyndham group for over 25 years,” mentioned Geoff Ballotti, president and chief govt officer. “Her distinctive monetary acumen and strategic imaginative and prescient have helped steer Wyndham by means of many pivotal moments. The contributions she’s made over time are numerous—from advancing key enterprise priorities to nurturing a world-class finance group. On behalf of the Board and all of Wyndham’s group members, we thank Michele for her dedication and management. We want her each success as she embarks on an thrilling new chapter in her profession.”
“It’s been an incredible privilege to construct my profession at Wyndham, working alongside so many gifted group members, leaders, and the unbelievable neighborhood of franchisees who carry our manufacturers to life day-after-day,” mentioned Ms. Allen. “Collectively, we’ve formed an organization that has thrived by means of great change, and I’m deeply happy with all we’ve achieved. As I look forward to a brand new problem, I’ll at all times be pleased about the relationships which have made this journey so significant.”
Mr. Ballotti continued, “Kurt’s appointment as interim CFO underscores the depth and energy of Michele’s group and the caliber of management throughout Wyndham. With greater than 15 years as a key member of our finance division, we’re assured he’s well-equipped to guide our finance group throughout this era of transition.”
Mr. Albert has served as treasurer and head of economic partnerships & planning since Could 2024 and, previous to that, held a number of management positions inside the treasury and monetary planning & evaluation features.
Along side this announcement, Wyndham reaffirmed its full-year 2025 outlook offered in its third-quarter 2025 earnings supplies
