CHICAGO—Hyatt Hotels Corporation has tapped Patrick Grismer as chief financial officer, reporting to Mark Hoplamazian, president and CEO, effective March 14.
According to Hyatt, Grismer will be responsible for all aspects of the finance function, while serving as a key business partner in achieving the company’s strategic growth initiatives.
“Pat is a highly respected leader with strong financial acumen. His considerable experience building global brands will serve us well at Hyatt,” said Hoplamazian. “His focus on driving superior business performance as we build differentiated brands will help us grow with intent and, in return, we believe will provide great value for our guests, colleagues, owners and shareholders.”
Grismer joins Hyatt from his post as CFO at YUM! Brands, where he previously held a number of roles including chief planning and control officer and CFO for YUM! Restaurants International. Prior to YUM!, he worked at The Walt Disney Company, where he served in roles that included VP, business planning and development for The Disneyland Resort and CFO for the Disney Vacation Club.
Grismer began his career with Price Waterhouse after earning an MBA from Northwestern University’s Kellogg School of Management, and a bachelor’s degree in accounting from the University of Southern California.
“Hyatt’s portfolio of premier hotel brands and its commitment to quality and outstanding service truly differentiate it from the competition,” said Grismer. “I’m excited to be part of a global company poised for growth, and to join a team passionate about transforming the hospitality industry.”