|Aron calls new CEO
February 28, 2006
Note: This statement was released Tuesday by
outgoing Vail Resorts chief executive Adam Aron.
On January 30, I announced my intention to resign as Chairman and CEO
of Vail Resorts at the end of June on my 10th anniversary. While I
have loved every single second at the helm of Vail Resorts, 10 years
is a long time, and I am ready to commence the next chapter of my
life. Fortunately, Vail Resorts is well positioned for the future, and
I did commit myself to facilitating a seamless and orderly transition.
With the appointment announced today of Robert Katz as CEO, Vail
Resorts has chosen as my successor someone who is intimately
knowledgeable about every aspect of Vail Resorts. He is an experienced
and highly able individual, with whom I have worked closely as a board
member since 1996. Speaking as a large Vail Resorts shareholder
myself, I could not be more pleased with his selection. Rob has been
perhaps my closest confidante and adviser over a decade, and I
benefited immensely from his keen intellect. I am confident he will be
immensely successful leading Vail Resorts.
Similarly, I have worked closely with Joe Micheletto for almost a
decade. He is perfectly suited for his new role, and I believe he will
be a superb chairman.
Given Joe and Robís selection, it is clear that a lengthy transition
is unnecessary. As such, I have stepped down from all my positions
with Vail Resorts now. Even so, I have pledged to continue to assist
in the orderly transfer of my duties in whatever way that I can.
As for my own future, I am very excited by the myriad of opportunities
that seem to be available to me.
And I am also now free to be more involved politically, as
demonstrated by my having just joined the National Finance Committee
of the Washington D.C.- based Democratic Senatorial Campaign Committee
though I am not a rabid partisan, I am a proud Democrat, and I am
alarmed by recent events on the national and world stage.
To my mind as a centrist, there are elements of the Republican agenda
that I admire. However, I strongly believe that one-party control of
the White House, the U.S. Senate, the U.S. House of Representatives,
and the selection of the national Judiciary, puts far too much power
in the hands of a single political party.
In my view, unbridled power by either party without checks and
balances is not healthy. As such, through the fall elections, I will
be working hard to help raise funds for the DSCC, to do what I can to
ensure that both major political parties have a stake and say in
political outcomes that will affect us all.
I am also, as stated before, buying a condominium at the foot of Vail
Mountain, and am staying on several local not-for-profit boards. I
have every expectation that I will retain a close connection to
Colorado and the Vail Valley, one that will be important to me for the
rest of my life.