BROOMFIELD, Colo.—May 22, 2009—Vail Resorts, Inc. (NYSE: MTN) announced today that Stan Brown is leaving his position as president of RockResorts and Vail Resorts Lodging Company, effective June 19, 2009, to become chief operating officer of Holiday Retirement Corporation, a senior housing provider with 300 independent retirement communities across North America.
“Stan has been a great leader in helping to drive the success and growth of our hospitality operations over the past two years,” said Rob Katz, chief executive officer of Vail Resorts. “He leaves behind an organization which has created a new level of brand excellence and the utmost commitment to the guest experience across our properties. I am very appreciative that Stan has positioned our lodging efforts for long-term growth and success and I wish him the best at his new opportunity.”
Brown was appointed executive vice president and chief operating officer of RockResorts and Vail Resorts Hospitality in June 2007 and became president in October 2008.
The Company will begin a search immediately for a new president of its hospitality division. In the interim, Chief Executive Officer Rob Katz will oversee operations of RockResorts and Vail Resorts Lodging Company.
About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resort properties at the Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.