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3mo ago

Vail Resorts Reinstates Rob Katz as CEO; Shares Jump 11%

The board cited his prior innovations, notably the Epic Pass model, in tandem with reaffirming the company’s 2025 financial targets.

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Park City Ski Patrol strike as they demanded livable wages in Park City, Utah Jan 7. 2025, (AP Photo/Melissa Majchrzak)
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Overview

  • Rob Katz officially assumed the CEO role on May 27, succeeding Kirsten Lynch who stepped down as both CEO and a board director.
  • The board described Katz’s 16-year leadership tenure at Vail Resorts as vital to driving the company’s strategic priorities.
  • Vail Resorts upheld its full-year guidance for 2025, including Resort Reported EBITDA in the lower half of its previously issued range.
  • Shares climbed 10.89% in after-hours trading to around $168 per share following the announcement.
  • Kirsten Lynch will remain with the company in a temporary strategic advisor capacity after a tenure marked by earnings misses and operational setbacks.