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Arne Sorenson is an American hotel executive who was the president and CEO of Marriott International. Arne Sorenson was a member of the board of directors of Microsoft Corporation and Walmart, and also a trustee of the Brookings Institution.
Early life
Arne Sorenson was born on October 13, 1958 in Tokyo, Japan. He belongs to Japanese-American nationality and has a white Japanese ethnicity.
Likewise, his zodiac sign is Libra and he follows the Christian religion. He was born to his father, Morris Bo Sorenson, Jr., who was a Lutheran pastor in Japan.
His mother, Dorothy Austin, was a public school teacher. When Arne was seven years old, his family moved to the United States. Likewise, Sorenson grew up in Saint Paul, Minnesota.
Education
Talking about his educational level, in 1980 he graduated from Luther College with majors in business and religion.
Later, in 1983, he went to the University of Minnesota Law School to obtain his J.D. degree. Previously, Arne studied in Washington DC under Latham and Watkins, and as COO of Marriott.
Death
In 2019, it was announced that Arne was receiving treatment for stage II pancreatic cancer at Johns Hopkins Hospital.
On February 2, 2021, the company announced that he would reduce his work hours so he could receive treatment and spend time with his family.
Sadly, Sorenson passed away at the age of 62 in February 15, 2021, due to pancreatic cancer.
Arne Sorenson – Net worth 2023
At the time of his death, his net worth was estimated to be around $181 million.
He owns more than 100,000 units of Marriott International shares worth more than $137,218,648 and over the last 16 years, Arne sold MAR shares worth $30,616,122.
On top of that, he earns $13,435,900 as the president, CEO and director of Marriott International.
Personal life
Talking about Arne Sorenson’s romantic and private life, he was a married man. He married Ruth Christenson in 1984.
When Sorenson was at Luther College, Ruth worked at her family’s ice cream shop in Decorah, Iowa.
They had four children named Astri, Esther, Isaac and Lars. Furthermore, Arne was not part of any controversies or rumors until his death.
Caption: Arne Sorenson with his wife, Ruth Christenson (Source: wp.stolaf.edu)
Career and professional life
Arne Sorenson began his career working at the Washington, DC-based law firm Latham & Watkins, where he became a partner specializing in mergers and acquisitions.
Arne Sorenson then became senior vice president and focused on business development such as mergers and acquisitions.
And he also handled the company’s $1 billion acquisition of Renaissance Hotels. He became chief financial officer and chief operating officer.
Likewise, in 2012, he became president and CEO. This personality was the first executive outside the Marriott family to lead the company.
He also became CEO of the company that acquired Starwood Hotel Resorts Worldwide for $13 billion, making the company the largest hotel chain in the world with more than 30 hotel brands such as Sheraton, W Hotels, Ritz-Carlton, Westin and many others.
Similarly, in 2018, a security breach exposed the personal information of more than 300 million people, including credit card numbers, passport numbers, and other identifying information.
Furthermore, he stated that he would not accept any compensation during the COVID-19 pandemic.
Awards
Arne Sorenson was nominated for ‘CEO of the Year’ by Chief Executive Magazine in 2019. Additionally, Sorenson was honored by Great Place to Work with the ‘CEO for the All Leadership Award for 2020.
Body measurements
Details about his actual height and other body measurements are not publicly available. Likewise, she has dark brown eyes and black hair.
Arne Sorenson – Social Networks
This American hotel executive is no longer in this world. Therefore, Sorenson is not active on any social media such as Facebook, Instagram, and Twitter.
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Source: vcmp.edu.vn