Overview
- Pritzker, 75, announced his immediate retirement and said he will not stand for re‑election to Hyatt’s board at the May shareholders meeting.
- In a public statement, he expressed regret for maintaining contact with Jeffrey Epstein and Ghislaine Maxwell, calling it terrible judgment and condemning their actions.
- His resignation letter to Hyatt’s board did not mention the Epstein ties that he acknowledged in his public comments.
- Files released by the Justice Department include emails showing frequent correspondence and meetings with Epstein, including logistical help for associates and social invitations years after Epstein’s 2008 plea.
- Hyatt named president Mark S. Hoplamazian as chairman, reflecting leadership changes occurring across institutions responding to the DOJ disclosures, including sanctions against Larry Summers and a CEO change at DP World.