In a regulatory filing, Travel + Leisure (TNL) disclosed that on December 16, Michael Hug, CFO, notified the company of his intention to retire during the 2025 fiscal year, effective as of the earlier of (i) a date that is mutually agreeable to Hug and the company after a successor has been identified and (ii) June 1, 2025. Hug’s decision to retire was not the result of any disagreement between Hug and the company. The company has initiated a search, with the assistance of a leading executive search firm, to identify a successor for this position, which is expected to include both internal and external candidates. Hug will continue to serve as CFO until his retirement date.
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