VAIL, Colo. (AP) – Vail Resorts Inc. Chairman and CEO Adam Aron will resign in June, the ski resort operator said Monday.
Aron’s last day will be June 28, his 10th anniversary in the roles. A search will begin immediately for a successor, the company said in a written release.
“It may be somewhat poetic to step down on my 10th anniversary, but I have long admired professional athletes who ‘go out on top,'” Aron said.
He did not disclose his plans but said he would purchase a home in Vail. Robert A. Katz, Vail Resorts’ lead director, praised Aron’s work.
“He has overseen numerous critical improvements and expansions to the company’s resorts, and he has brought a new level of sophistication to the mountain resort industry,” he said.
Vail Resorts, the second-largest ski-area operator in North America, owns and operates Vail, Beaver Creek, Keystone and Breckenridge ski areas in Colorado, Heavenly in Nevada and California, and Grand Teton Lodge Co. near Jackson, Wyo.
Only Vancouver, British Columbia-based Intrawest Corp. has larger North American operations than Vail.
Shares of Vail Resorts fell 2 cents to $32.45 in early trading on the New York Stock Exchange.