Hyatt says Thomas J. Pritzker will retire as executive chairman and not seek board re-election; Mark S. Hoplamazian to serve as chairman and CEO

Hyatt says Thomas J. Pritzker will retire as executive chairman and not seek board re-election; Mark S. Hoplamazian to serve as chairman and CEO

Hyatt Announces Leadership Transition as Thomas J. Pritzker Retires
February 16, 2026

Hyatt Hotels Corporation (HYT) has announced that Thomas J. Pritzker will retire as Executive Chairman and will not seek re-election to the company's Board of Directors. Pritzker, a member of Hyatt's founding family, has served in leadership roles for 22 years, including as Executive Chairman since 2016 according to the company announcement. His departure marks a significant transition for the global hospitality company.

Mark S. Hoplamazian, currently President and CEO of Hyatt, will assume the combined role of Chairman of the Board and CEO, effective immediately as announced. Hoplamazian, who has led the company since 2006 according to company records, will oversee strategic direction and operations in his expanded capacity. The board emphasized that this transition reflects a planned succession to ensure long-term stability and growth.

Pritzker's tenure saw Hyatt expand its global footprint, with the launch of new brand segments and a focus on luxury and lifestyle properties. His retirement follows a broader trend of leadership transitions within family-owned corporations, as younger generations or external executives take the helm.

Hoplamazian's promotion underscores confidence in his strategic vision, which has guided Hyatt through periods of market volatility and industry transformation. The company reported record revenue in 2025, driven by strong performance in its luxury and extended-stay segments. Analysts note that maintaining operational efficiency and brand differentiation will be critical as Hyatt competes with rivals like Marriott International and Hilton Worldwide.

The board stated that Pritzker's legacy includes strengthening corporate governance and fostering innovation, while Hoplamazian's leadership will prioritize executing Hyatt's growth strategy. No immediate changes to the board composition or financial outlook were disclosed.

[^NUMBER references correspond to source materials provided.]