Tuesday, January 31, 2006

Vail Resorts Adam Aron Resigns

Vail Resorts chairman and CEO Adam Aron announced Monday that he’ll be stepping down from the top job at the company. Vail Resorts owns both the Breckenridge and Keystone ski areas.

Aron will resign effective June 28, according to a company press release. The date coincides with Aron’s 10th anniversary working for Vail Resorts.

“I think I’m so proud of what we’ve done, I’m going to go out a winner,” Aron said in an interview Monday. The 51-year-old Aron stopped short of calling the step a “retirement,” adding, “I’m sure that there are some very exciting things in my future left to do.”

Over his 10-year stint at Vail Resorts, the company grew to four times its original size. In the release announcing his resignation, Aron said, “I am enormously proud of the progress that has been made. In its simplest terms, I have had a great run.”

Aron’s self-described great run is ending just as a number of high- profile, high-yield projects by Vail Resorts are either under way or nearing completion. The company’s Arrabelle at Vail Square project is the jeweled centerpiece of the current expansion. When finished in 2007, the Arrabelle will contain 67 condos and a 36-room luxury hotel. The project is valued at more than $110 million. Vail Resorts is also finishing the Gore Creek Place townhome project — a $50 million endeavor with 16 four- and five-bedroom condos, as well as the expansive “Front Door” redevelopment project and a total redesign of the ski area’s Lionshead gondola area.

Aron, though, also reflected fondly on the progress made at the two Summit County ski resorts the company operates — Breckenridge and Keystone. He particularly noted a decade of progress making Breckenridge “the world class ski resort that the town deserves.”

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