After more than 60 years of leadership, Mr. J.W. Marriott, Jr. confirmed to the Board of Directors of Marriott International, Inc. that he plans to retire as Executive Chairman in May and will not stand for re-election to the Board at the upcoming Annual Meeting of Stockholders. In addition, the Board has elected Mr. David S. Marriott to succeed Mr. J.W. Marriott, Jr. as Chairman of the Board, also effective immediately following the Annual Meeting. David Marriott joined Marriott International in 1999 and was elected as a director in 2021.

Prior to joining the Board, David held a number of operational roles during his tenure with the company, including most recently as the President, U.S. Full Service Managed by Marriott, where he was responsible for oversight of more than 330 hotels operating under 14 brands in 34 states. The Board also announced it has elected Isabella "Bella" D. Goren, former Chief Financial Officer, American Airlines, Inc. and its parent, AMR Corporation, as an independent director of the company, effective March 1, 2022. The Board also appointed Ms. Goren to the Board's Audit Committee, effective on the same date.

Ms. Goren will be included in the company's slate of nominees for election at Marriott's upcoming 2022 Annual Meeting. Ms. Goren served as Chief Financial Officer of American Airlines and its parent company, AMR Corporation, from 2010 through 2013. Ms. Goren currently serves on the Board of Directors of MassMutual Financial Group where she is Chair of the Audit Committee.

She previously served on the Board of Directors of Gap Inc. and LyondellBasell Industries. The Board also announced that Lawrence W. Kellner informed the Board that he will not stand for re-election at the 2022 Annual Meeting. Mr. Kellner has served on the Board for nearly 20 years and has served as the independent Lead Director and chair of the Nominating and Corporate Governance Committee since 2013.

The independent directors of the Board selected Frederick A. "Fritz" Henderson to succeed Mr. Kellner as Lead Director of the Board, effective immediately following the 2022 Annual Meeting. Mr. Henderson has been a Marriott Board member since 2013.