Tom Pritzker Resigns as Hyatt Executive Chairman Amid Epstein Link
Tom Pritzker, the billionaire heir to the Hyatt Hotels empire, has resigned as executive chairman of Hyatt Hotels Corporation. This decision, announced on a recent Monday, comes in the wake of his controversial association with the late financier Jeffrey Epstein.
Reasons for Tom Pritzker’s Resignation
In a letter addressed to the Hyatt board, the 75-year-old Pritzker expressed regret over his connections to Epstein and Ghislaine Maxwell. He acknowledged shortcomings in his judgment, stating, “Good stewardship also means protecting Hyatt.”
Pritzker emphasized that he regretted not distancing himself from Epstein sooner, highlighting the seriousness of his associations.
Revelations of Communication with Epstein
Recent disclosures reveal that Pritzker maintained regular contact with Epstein after the latter’s 2008 plea deal concerning sex crimes. Their correspondence included discussing meals, appointments, and social plans. Notably, a 2018 email exchange saw Epstein request assistance for Karyna Shuliak, prompting a flippant response from Pritzker.
- Pritzker replied with a smiley emoticon, wishing Shuliak luck in finding a new girlfriend for Epstein.
- In a 2015 email, Epstein humorously proposed a meeting between notable personalities, showcasing their casual rapport.
- The two also planned for invitations to the Pritzker Prizes, a prestigious architecture award ceremony in Beijing.
Leadership Transition at Hyatt
Following his resignation, Pritzker will not seek re-election to Hyatt’s board during the upcoming annual stockholders meeting in May. Mark S. Hoplamazian, the current president of Hyatt, has been appointed as the new chairman.
Richard Tuttle, the chair of the board’s nominating and corporate governance committee, praised Pritzker’s contributions, stating that his leadership played a vital role in shaping Hyatt’s strategy and long-term growth.
Pritzker’s departure marks a significant shift for Hyatt, as the company navigates challenges and strives to uphold its reputation amidst recent controversies.
