Hilton Grand Vacations Announces Appointment of Gail Mandel to its Board of Directors

Rhea-AI Summary

Hilton Grand Vacations (NYSE:HGV) announced the appointment of Gail Mandel to its board of directors, expanding the board to 10 members. Mandel, managing director of Focused Point Ventures, brings extensive hospitality, financial, and public company experience. She has previously served as president and CEO of Wyndham Destination Network, where she oversaw the $1.3 billion divestiture of Wyndham’s European Rentals business and completed over 12 acquisitions. Mandel is expected to leverage her expertise in timeshare, financial, and public company sectors to contribute to HGV's strategic direction. She also holds board positions at Sabre , Dave & Buster’s Entertainment, PureStar, and the Community Foundation of New Jersey.

Positive

• Appointment expands the board from 9 to 10 members.
• Gail Mandel brings extensive experience in hospitality, finance, and public companies.
• Mandel's tenure as CEO of Wyndham Destination Network included leading a $1.3 billion divestiture and over 12 acquisitions.
• Mandel's experience in driving year-over-year growth is a positive indicator for HGV's strategic direction.
• Mandel also serves on the boards of other prominent companies, bringing valuable cross-industry insights.

Negative

• Additional costs associated with expanding the board.
• Potential conflicts of interest as Mandel holds multiple board positions.
• Uncertainty around how Mandel’s part-time engagement might impact her contribution to HGV.

ORLANDO, Fla.--(BUSINESS WIRE)-- Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”), the premier vacation ownership and experiences company, today announced the appointment of Gail Mandel to its board of directors. The addition of Mandel expands the Company’s board of directors from nine to 10 members.

Mandel serves as managing director of Focused Point Ventures and has extensive hospitality, financial and public company experience. She will continue her role at Focused Point Ventures, where she provides advisory and consulting services focused on the analysis of investment theses and structuring, capital allocation and leadership training.

Prior to her current role, Mandel served as president and CEO of Wyndham Destination Network, where she led the $1.3 billion divestiture of Wyndham’s European Rentals business, identified and completed more than 12 targeted, tuck-in acquisitions and drove consecutive year-over-year growth for the company. As a member of HGV’s board of directors, Mandel will leverage her knowledge and expertise of the timeshare industry, as well as her financial and public company experience, to help guide the strategic direction of the Company.

“We’re delighted to welcome Gail to our board,” said Len Potter, chairman of Hilton Grand Vacations’ board of directors. “Gail’s unique balance of financial acumen, strategy development, and hospitality experience will bring tremendous value to the organization and will be instrumental in guiding the future of the Company.”

Mandel currently serves on the board of directors for Sabre Corporation (NASDAQ: SABR), Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY), PureStar and Community Foundation of New Jersey.

About Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company and is the exclusive vacation ownership partner of Hilton. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets, and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. Hilton Grand Vacations has a reputation for delivering a consistently exceptional standard of service, and unforgettable vacation experiences for guests and more than 700,000 Club Members. Membership with the Company provides best-in-class programs, exclusive services and maximum flexibility for our Members around the world.

For more information, visit www.corporate.hgv.com. Follow us on Instagram, Facebook, LinkedIn, X (formerly Twitter), Pinterest and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240607001463/en/

Lauren George

407-613-8431

lauren.george@hgv.com

Source: Hilton Grand Vacations Inc.

FAQ

What change did Hilton Grand Vacations announce regarding their board of directors?

Hilton Grand Vacations announced the appointment of Gail Mandel to its board of directors, expanding the board from nine to 10 members.

Who is Gail Mandel in the context of Hilton Grand Vacations (HGV)?

Gail Mandel is the newly appointed board member of Hilton Grand Vacations who also serves as the managing director of Focused Point Ventures.

What experience does Gail Mandel bring to HGV?

Gail Mandel brings extensive hospitality, financial, and public company experience, including her role as president and CEO of Wyndham Destination Network.

How will Gail Mandel contribute to Hilton Grand Vacations (HGV)?

Gail Mandel will leverage her hospitality, financial, and public company expertise to help guide HGV's strategic direction.

What other companies’ boards does Gail Mandel serve on?

Gail Mandel serves on the boards of Sabre , Dave & Buster’s Entertainment, PureStar, and the Community Foundation of New Jersey.