Vail Resorts Inc. (NYSE: MTN) has apppointed Rob Katz as CEO, succeeding Kirsten Lynch, who has stepped down from the role and as a director of the Board. Lynch will continue in an advisory role temporarily to ensure a smooth transition.
Bruce Sewell, lead independent director of the Board, said, “As Vail Resorts continues to execute its strategic priorities and transformational initiatives, the Board believes now is the right time for this leadership transition. Rob has a strong track record of driving innovation and executing consistent performance at Vail Resorts and has played a critical role in the development of Vail Resorts’ operations and long-term strategy for over the past three decades.” Sewell emphasized Katz’s previous tenure, saying it included “reinvigorating the company during times of industry stagnation and challenging macro environments.”
Katz expressed his enthusiasm about returning to the CEO position, stating, “It is an honor to step back into the role of CEO of Vail Resorts… I am very optimistic about the future of Vail Resorts and delivering for all our stakeholders.” He thanked Lynch for her leadership during her tenure.
Lynch reflected on her time with Broomfield-based Vail Resorts, saying, “It has been an experience of a lifetime to serve 14 years on the executive team at Vail Resorts, including more than three years as CEO.” She expressed gratitude toward the team’s dedication and leadership.
Katz will also continue to serve as the chairperson of the Board, which consists of 11 directors.
Katz has a long history with Vail Resorts, having initially served as CEO from February 2006 to November 2021 and has been involved with the company since 1991. He also has ties to the Katz Amsterdam Foundation and serves on the Board of Directors of YETI Holdings Inc.
Vail Resorts operates numerous ski resorts, including Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb, and more, across North America and other regions.