Starwood names new chief financial officer

Starwood Hotels & Resorts Worldwide has named Thomas Mangas as its new executive vice president, chief financial officer, following the resignation of Vasant Prabhu earlier this year.

Mangas, who will take up the role on September 29, will be a member of Starwood’s Senior Leadership Team and will report to president and chief executive officer Frits van Paasschen.

Prabhu resigned from the position in May to join NBC Universal as chief financial officer.

“We are excited to welcome Tom as our new CFO, and believe he is a perfect fit for Starwood with his deep global and consumer brand experience, strong track records in both finance and operations, and tenure working for a large global organization,” said van Paasschen.

“Our team will benefit from his leadership as we continue to grow our fee business and footprint around the world.”

This will be Mangas’ first role in the hospitality industry; he was more recently executive vice president and chief executive officer of Armstrong Floor Products, a division of Armstrong World Industries, Inc.

He also previously spent 20 years at The Procter & Gamble Company in increasingly senior finance and accounting positions.