Wyndham Worldwide Corp. said Denny Marie Post and Ronald Rickles will join its board once the spinoff of its Wyndham Hotels & Resorts Inc. unit into a stand-alone hotel business is finalized and the hospitality giant rebrands as Wyndham Destinations Inc.
As part of the separation of the hotel business, Wyndham Worldwide will continue its vacation ownership and destination network operations and change its name to Wyndham Destinations.
Post and Rickles will serve on the Wyndham Destinations board's compensation and audit committees, respectively. Both will join the corporate governance committee.
Wyndham Worldwide also said its shareholders rejected a stockholder proposal about political contributions disclosure.
Of all the votes cast at the company's May 17 annual stockholder meeting, 44,612,780 were against the proposal, 33,332,008 were in its favor, and 1,544,726 were abstentions, while 8,126,134 were broker nonvotes.
