Wyndham Hotels & Resorts on Wednesday announced a significant leadership change, as chief financial officer and head of strategy Michele Allen will be departing the Parsippany-based company to pursue an outside career opportunity, effective immediately.
Kurt Albert, who currently serves as treasurer and head of Financial Partnerships & Planning, has been appointed interim chief financial officer. Wyndham has initiated a comprehensive search for a permanent CFO, which will consider both internal and external candidates.
Allen’s departure marks the end of a long and impactful tenure at Wyndham, spanning over 25 years. She will remain with the company in an advisory role through the end of 2025 to support a seamless transition of responsibilities.
Wyndham President and CEO Geoff Ballotti praised Allen’s dedication. “Her exceptional financial acumen and strategic vision have helped steer Wyndham through many pivotal moments… The contributions she’s made over the years are countless,” he said.
Allen reflected on her time, stating, “It’s been a tremendous privilege to build my career at Wyndham… I’m deeply proud of all we’ve accomplished.”
The appointment of Albert as interim CFO highlights the strength of the existing finance team. Albert has been a key member of the finance department for more than 15 years, holding previous leadership roles in Treasury and Financial Planning & Analysis.
Ballotti expressed confidence in the new interim leader. “With more than 15 years as a key member of our finance department, we are confident he is well-equipped to lead our finance organization during this period of transition,” Ballotti added.
