Mohan Sinha
19 Feb 2026, 15:22 GMT+10
CHICAGO, Illinois: Executive chairman of Hyatt Hotels Thomas Pritzker announced on February 16 that he was stepping down for maintaining contact with convicted sex offender Jeffrey Epstein and Ghislaine Maxwell.
Acknowledging his "terrible judgment", Pritzker, 75, said in a letter to the company's board that he would not seek re-election to the board in 2026.
"Good stewardship also means protecting Hyatt, particularly in the context of my association with Jeffrey Epstein and Ghislaine Maxwell, which I deeply regret. I exercised terrible judgment in maintaining contact with them, and there is no excuse for failing to distance myself sooner," Pritzker said in a statement.
Pritzker has been the company's executive chairman since 2004. During that time, he highlighted the company's strong growth and its ability to withstand challenges. He helped take Hyatt public, shifted the business to an "asset-light" model, and guided the company through the COVID-19 pandemic.
The U.S. Justice Department later released millions of internal documents about Jeffrey Epstein. These papers showed that the late financier and convicted sex offender had connections with many well-known people in politics, finance, universities, and business, both before and after he pleaded guilty in 2008 to prostitution charges that included seeking sex from an underage girl.
Information from several court and criminal cases also revealed more about these links. Epstein was arrested again in 2019 on federal charges of trafficking minors for sex. Later that year, he died in a jail cell in Manhattan, and officials ruled his death a suicide.
Get a daily dose of Cape Town Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cape Town Express.
More InformationCeremonies were held across Iran on Tuesday and Wednesday of this week, to mourn those who died in the protests of January 8 and 9,...
CHICAGO, Illinois: Executive chairman of Hyatt Hotels Thomas Pritzker announced on February 16 that he was stepping down for maintaining...
HAVANA, Cuba: The situation outside gas stations is worsening, as drivers may have to wait for months to refuel their cars due to fuel...
DHAKA, Bangladesh: After securing an emphatic win for his Bangladesh Nationalist Party, the country's future prime minister, Tarique...
WASHINGTON, D.C.: Adding to the list of legal battles challenging U.S. President Donald Trump's effort to stamp his name on public...
BEIJING, China: ByteDance said it would strengthen safeguards on its AI video generator Seedance 2.0 to prevent the unauthorised use...
Canberra [Australia], February 19 (ANI): Team India Women's captain Harmanpreet Kaur has scripted history as she has now become the...
Gujarat (Ahmedabad) [India], February 18 (ANI): Netherlands captain Scott Edwards reflected on his side's spirited effort despite falling...
New Delhi [India], February 18 (ANI): The Super Eight stage of the ongoing ICC T20 World Cup willl start with 2009 champions Pakistan...
(260218) -- JOHANNESBURG, Feb. 18, 2026 (Xinhua) -- A customer shops for groceries at a market in Johannesburg, South Africa, Feb....
New Delhi [India], February 18 (ANI): The first 12 spots for the 2028 T20 World Cup have been confirmed following the confirmation...
New Delhi [India], February 18 (ANI): South Africa skipper Aiden Markram said the win over UAE showed the whole squad's depth players...
