Arne M.  Sorenson net worth and biography

Arne Sorenson Biography and Net Worth

Arne M. Sorenson was President and Chief Executive Officer of Marriott International, Inc., from 2012 until his passing in February 2021. In his role, he presided over the world’s largest hospitality company and some of the most iconic brands in travel. Mr. Sorenson built his tenure on the bedrock of Marriott International’s core values: putting people first, pursuing excellence, acting with integrity, embracing change and serving our world.

Mr. Sorenson led the acquisition of Starwood Hotels & Resorts Worldwide in 2016, resulting in a dramatic expansion of Marriott’s ability to provide unparalleled guest experiences around the world. The company now has more than 7,600 properties across 133 countries and territories and 30 brands. The merger also created the travel industry’s largest customer-loyalty program, Marriott Bonvoy, which has more than 147 million members.

An outspoken corporate leader, Mr. Sorenson advocated for environmental sustainability, human rights, and diversity and inclusion.

Mr. Sorenson joined Marriott in 1996 and held a number of positions before serving as president and chief operating officer. He was elected to Marriott’s Board of Directors in 2011. He became chief executive officer in 2012, making history as the first person to hold the post without the Marriott family name.

Under his tenure, Marriott International was recognized extensively, including by Fortune in 2020 as one of the World’s Most Admired Companies and DiversityInc as one of the Top 50 Companies for Diversity. In 2019, Mr. Sorenson was named CEO of the Year by Chief Executive magazine and was placed on Forbes’ list of America’s Most Innovative Leaders and Barron’s list of World’s Best CEOs.

Mr. Sorenson was active on multiple boards. He joined the Microsoft board of directors in November 2017. He was also a member of the board of directors of the Business Roundtable, serving as chair of its Health and Retirement Committee, co-chair of its COVID-19 Taskforce and as a member of its Special Committee on Racial Equity and Justice. He served on the board of trustees for The Brookings Institution and the board of directors for Special Olympics and the Warrior-Scholar Project.

Mr. Sorenson was a graduate of Luther College in Decorah, Iowa, and the University of Minnesota Law School. Before he joined Marriott, he was a partner with the law firm Latham & Watkins in Washington, D.C. He and his wife Ruth lived in the Washington, D.C., area, where they raised four children.

What is Arne M. Sorenson's net worth?

The estimated net worth of Arne M. Sorenson is at least $216.51 million as of December 28th, 2020. Mr. Sorenson owns 760,172 shares of Marriott International stock worth more than $216,512,189 as of December 3rd. This net worth estimate does not reflect any other assets that Mr. Sorenson may own. Learn More about Arne M. Sorenson's net worth.

How do I contact Arne M. Sorenson?

The corporate mailing address for Mr. Sorenson and other Marriott International executives is 10400 FERNWOOD ROAD, BETHESDA MD, 20817. Marriott International can also be reached via phone at (301) 380-3000 and via email at [email protected]. Learn More on Arne M. Sorenson's contact information.

Has Arne M. Sorenson been buying or selling shares of Marriott International?

Arne M. Sorenson has not been actively trading shares of Marriott International during the last ninety days. Most recently, Arne M. Sorenson sold 100,000 shares of the business's stock in a transaction on Monday, December 28th. The shares were sold at an average price of $128.72, for a transaction totalling $12,872,000.00. Following the completion of the sale, the chief executive officer now directly owns 760,172 shares of the company's stock, valued at $97,849,339.84. Learn More on Arne M. Sorenson's trading history.

Who are Marriott International's active insiders?

Marriott International's insider roster includes Satyajit Anand (Insider), Benjamin Breland (EVP), William Brown (Insider), Anthony Capuano (CEO), Deborah Harrison (Insider), Frederick Henderson (Director), Eric Hippeau (Director), Debra Lee (Director), Felitia Lee (CAO), Stephanie Linnartz (President), David Marriott (Insider), J.W. Marriott, Jr. (Chairman), Rajeev Menon (Insider), George Munoz (Director), Kathleen Oberg (CFO), Drew Pinto (EVP), Rena Reiss (EVP), David Rodriguez (EVP), Peggy Roe (EVP), Craig Smith (Insider), and Arne Sorenson (CEO). Learn More on Marriott International's active insiders.

Are insiders buying or selling shares of Marriott International?

During the last twelve months, insiders at the sold shares 15 times. They sold a total of 138,818 shares worth more than $34,355,232.39. The most recent insider tranaction occured on November, 22nd when insider William P Brown sold 1,707 shares worth more than $485,300.10. Insiders at Marriott International own 10.1% of the company. Learn More about insider trades at Marriott International.

Information on this page was last updated on 11/22/2024.

Arne M. Sorenson Insider Trading History at Marriott International

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/28/2020Sell100,000$128.72$12,872,000.00760,172View SEC Filing Icon  
12/11/2019Sell47,824$142.26$6,803,442.24734,598View SEC Filing Icon  
3/26/2019Sell63,726$124.15$7,911,582.90750,500View SEC Filing Icon  
12/7/2016Sell19,235$82.88$1,594,196.80536,070View SEC Filing Icon  
10/31/2014Sell147,600$75.72$11,176,272.00View SEC Filing Icon  
7/2/2014Sell150,000$65.00$9,750,000.00View SEC Filing Icon  
11/4/2013Sell90,000$45.55$4,099,500.00View SEC Filing Icon  
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Arne M. Sorenson Buying and Selling Activity at Marriott International

This chart shows Arne M Sorenson's buying and selling at Marriott International by year and by quarter.

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Marriott International Company Overview

Marriott International logo
Marriott International, Inc. engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St. Regis Longboat Key brand names, as well as operates residences, timeshares, and yachts. The company was founded in 1927 and is headquartered in Bethesda, Maryland.
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Today's Range

Now: $284.82
Low: $283.71
High: $287.99

50 Day Range

MA: $266.70
Low: $241.67
High: $289.09

2 Week Range

Now: $284.82
Low: $202.24
High: $290.43

Volume

360,387 shs

Average Volume

1,458,464 shs

Market Capitalization

$79.15 billion

P/E Ratio

29.79

Dividend Yield

0.87%

Beta

1.58