F Vail

[Peter Minde]

Lynch out and Dr. Evil is back.

https://www.powder.com/news/vail-resorts-fires-ceo

This is peak newspeak, right here: "As Vail Resorts continues to execute its strategic priorities and transformational initiatives, the Board believes now is the right time for this leadership transition," said Bruce Sewell, Lead Independent Director of Vail Resort's Board of Directors.

 

[Andy_ROC]

Lynch had an experience of a lifetime as CEO by riding MTN stock downhill while Katz remained Chairman of the Board during the slide.

Vail Resorts says Rob Katz is returning as CEO after Kirsten Lynch steps down

Rob Katz is returning to his role as CEO of Vail Resorts and Kirsten Lynch is stepping down, the company announced Tuesday. The move comes on the heels of a challenging North American winter season...

www.vaildaily.com

MTN stock bounced after the Katz announcement.
June 5th MTN announces quarterly results.
This’ll give them somethin to spin.

Yup all spin for sure. Katz has been the chairman the whole time and somehow he's the solution?

I can only imagine the terrible things that Dr Evil's gonna do to boost the stock price. Hopefully it doesn't hurt the rest of us.

 

[tirolski]

I can only imagine the terrible things that Dr Evil's gonna do to boost the stock price. Hopefully it doesn't hurt the rest of us.

He said he’s “changed” & “looks forward to having some fun".

Me thinks his idea of fun is doing deal$.
Maybe they’ll selloff some places to make number$.

Utah Billionaire Makes Offer to Buy the Park City Mountain Resort from Vail Resorts

Utah billionaire and Cloudflare CEO Matthew Prince has made an offer to buy Park City Mountain Resort from Vail Resorts following his purchase of Town Lift Plaza. His vision includes local ownership and modernized lift infrastructure.

www.tetongravity.com

 

[trackbiker]

Hmmm. Running a ski conglomerate is different than hawking Pepsi???
Who knew??
Their pass sales are down. They fudged the numbers last season by including day tickets as "passes".
If you can't increase revenue, the only other way to improve the bottom line is to cut costs.
I wouldn't count on more lifts running or more snowmaking.

 

[MarzNC]

For the record, here's the letter to VR employees from Katz.

Letter to Vail Resorts Employees from Incoming CEO Rob Katz, May 27, 2025

The following email was sent to Vail Resorts employees by CEO Rob Katz on May 27, 2025.

news.vailresorts.com

 

[Bandit]

Lynch had an experience of a lifetime as CEO by riding MTN stock downhill while Katz remained Chairman of the Board during the slide.

Vail Resorts says Rob Katz is returning as CEO after Kirsten Lynch steps down

Rob Katz is returning to his role as CEO of Vail Resorts and Kirsten Lynch is stepping down, the company announced Tuesday. The move comes on the heels of a challenging North American winter season...

www.vaildaily.com

MTN stock bounced after the Katz announcement.
June 5th MTN announces quarterly results.
This’ll give them somethin to spin.

Wow up 11% pre market guess the street likes the announcement.

 

[tirolski]

the street likes the announcement.

The street don’t surf ski.

 

[tirolski]

Lynch out

https://www.powder.com/news/vail-resorts-fires-ceo

Lynch out... reminds me of when the cajun football coach was fired.

 

[MarzNC]

Liftblog had a link recently to a post on X that was supposedly info sent to VR employees on May 29. Meaning just after Katz took over again as CEO. It's an outline of the two year resource efficiency plan that was first mentioned in September 2024. The organization of execs at the top for the Mountain Division is quite different. For North America the categories are Destination, Regional, Local. Destination resorts are only Vail Mountain, Beaver Creek, Breckenridge, Keystone, Park City, and W-B. The Regional category includes Heavenly, Crested Butte, Stowe. Stevens Pass, and other large resorts in Tahoe and New England. The Local resorts are small hills in the midwest and mid-Atlantic, mostly those that came with the acquisition of Peak Resorts.

The rest of the world will be under one executive as Europe and Australia. Meaning the two resorts owned by VR in Switzerland and the three in Australia. The other European resorts on Epic in Austria, France, and Italy are only Partners.

Meanwhile, HR folks in Broomfield are scrambling for new jobs.

April 4, 2025

Vail Resorts plans to lay off 64 HR workers in Colorado as part of 2-year restructuring

Vail Resorts is beginning to trim down its corporate workforce as part of the company’s “resource efficiency transformation plan” that was first announced in September. Employees were notified this week that the company has decided...

www.vaildaily.com

 

[Peter Minde]

Katz's letter is only marginally better than the language in the layoff article. They should cowboy up and call it what it is: a layoff, not a separation. Meanwhile, Katz keeps yapping about Fail's values. Can anyone explain what they are?

Glad I'm a pass holder at an ORDA bump.