- Thomas Pritzker mentioned he’s retiring as Hyatt’s government chairman on Monday.
- Pritzker cited poor judgment over his ties to Jeffrey Epstein and Ghislaine Maxwell.
- Mark Hoplamazian, Hyatt’s CEO, was appointed chairman.
Thomas Pritzker is stepping down as government chairman of Hyatt Lodges Company, saying that he “exercised horrible judgment” in sustaining contact with Jeffrey Epstein and Ghislaine Maxwell.
The 75-year-old billionaire mentioned he’s retiring efficient instantly and won’t search reelection to Hyatt’s board at its 2026 annual assembly, the company said on Monday.
The choice comes amid renewed scrutiny of prominent business leaders over previous ties to Epstein, years after the financier’s 2019 death in federal custody and following the latest public release of Epstein-related paperwork.
In a statement printed alongside a letter from Pritzker to the board, he mentioned his duty as government chairman was to “present good stewardship.”
“Good stewardship additionally means defending Hyatt, significantly within the context of my affiliation with Jeffrey Epstein and Ghislaine Maxwell which I deeply remorse,” he mentioned. “I exercised horrible judgment in sustaining contact with them, and there’s no excuse for failing to distance myself sooner.”
Pritzker had served as government chairman since 2004. In his letter, he mentioned Hyatt is “in a robust and sustainable place” and that his departure would assist guarantee a correct management transition. He mentioned he turns 76 in June and that standing for reelection would imply committing to a different three-year time period as government chairman, which additionally influenced his determination to retire.
Hyatt mentioned its board appointed President and CEO Mark Hoplamazian as chairman, efficient instantly.
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