ORLANDO - Hilton Grand Vacations Inc . (NYSE:HGV), a leading global timeshare company, has announced the promotion of Dan Mathewes to the position of president while maintaining his role as chief financial officer. Additionally, Dusty Tonkin has been appointed as the new executive vice president, chief sales & marketing officer.
Mathewes, who joined the company in 2018, has been instrumental in managing Hilton Grand Vacations' finance, accounting, development, and technology functions. His promotion is set to play a significant role as the company integrates its recent acquisition of Bluegreen Vacations (NYSE:BXG).
CEO Mark Wang expressed confidence in Mathewes' ability to lead the company to achieve market expansion and efficiency enhancement, as well as to create exceptional experiences for members and team members.
Tonkin brings over 28 years of experience in the vacation ownership industry to his new role, where he will lead the global sales & marketing organization. His previous position was the chief sales & marketing officer for Bluegreen Vacations, and before that, he served as the executive vice president of sales & marketing at Wyndham Destinations (NYSE:TNL).
Recognized among Florida's Most Influential Business Leaders, Tonkin's expertise is expected to foster growth and operational efficiency at Hilton Grand Vacations.
Both Mathewes and Tonkin are set to contribute to the company's mission of delivering outstanding customer experiences, with Tonkin reporting directly to Mathewes. This leadership restructuring comes as Hilton Grand Vacations continues to position itself as a leader in the vacation ownership industry.
Hilton Grand Vacations is known for its high-quality vacation ownership resorts in select destinations and its commitment to providing exceptional service and unforgettable vacation experiences to its approximately 700,000 Club Members.
This announcement is based on a press release statement from Hilton Grand Vacations Inc.
InvestingPro Insights
As Hilton Grand Vacations Inc. (NYSE:HGV) welcomes Dan Mathewes as its new president and Dusty Tonkin as executive vice president, chief sales & marketing officer, the company's financial and market performance continues to be a point of interest for investors and stakeholders alike.
InvestingPro data indicates a robust market capitalization of $4.94 billion, with a Price/Earnings (P/E) ratio standing at a solid 16.58, reflecting investor confidence in the company's profitability.
InvestingPro Tips reveal that management's aggressive share buyback strategy and a 1.53% revenue growth in the last twelve months as of Q1 2023, signal a proactive approach to enhancing shareholder value.
Furthermore, analysts have revised their earnings upwards for the upcoming period, suggesting optimism about the company's financial prospects. It's worth noting that the company has been trading near its 52-week high, with a price that is 97.41% of the peak, which is indicative of its strong performance in the market over the past year.
For investors looking to delve deeper into Hilton Grand Vacations' performance and future outlook, there are additional InvestingPro Tips available at https://www.investing.com/pro/HGV. These insights could be particularly valuable in light of the recent leadership changes and the company's strategic direction. To access these tips and more comprehensive analysis, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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