Rob Katz

Vail Resorts

Vail Resorts CEO  Rob Katz will step aside November 1st and Kirsten Lynch, the Company’s chief marketing officer for the last decade, will be appointed chief executive officer and elected to the company’s board of directors. KPCW’s Leslie Thatcher has more.

Katz has served as CEO since 2006 and will take a role as executive chairperson of the board.

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Vail Corp CEO Rob Katz took some time to answer some of the most frequently asked questions about the company’s winter reservation system. Even though you will have to reserve your days at Park City Mountain Resort this winter, you still might get to ski as much as you want.

 

KPCW

COVID-19 cut the 2019-2020 ski season short by about a month and "significantly impacted" Vail Resorts' third quarter earnings, according to the ski company.  Thursday, CEO Rob Katz told investors the company lost $140 million in the first four months of 2020. Net income was $152 million, down from $292 million the year before.

Vail Resorts is furloughing nearly all of their year-round hourly employees.  Salaried employees are getting at least a five percent pay cut. 

Park City Mountain Director of Communications Margo Van Ness says 391 employees at the resort will be furloughed for at least the next one to two months starting this Saturday, the result of cost-saving measures.

  Vail Resorts announced today that all of its North American resorts and retail stores will remain closed for the 2019-20 winter ski season amidst the continued challenges associated with the spread of coronavirus (COVID-19). The decision follows the Company’s previously announced closure of its resorts from Sunday, March 15 through Sunday, March 22.

Park City Mountain Resort helped carry Vail Resorts through a tough 2nd quarter. Things might get worse for the company as they prepare for the impacts of the COVID-19 novel coronavirus


www.vailresorts.com

Vail CEO Rob Katz addressed a standing-room-only crowd at the Santy Auditorium for the Community Leadership Lecture Monday. Katz took questions from the audience for about half an hour, on topics ranging from employment to the skiing experience. 

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The last time Rob Katz stood on a Park City stage was five years ago—except then, an actor portrayed him as the villain in “An Epic Follies.” Katz says he can’t believe he went from the butt-end of the Follies to addressing the Leadership Park City Class.

“So the play ended, as I recall, with the Vailiens and the folks from Powdr Corp killing each other, lying on the stage all over the place, and then somebody came out with a big broom to clean up the mess--and that was Bob Wheaton," Katz recalled, to laughs. "But now, I'm still on the stage.”

www.vailresorts.com

The CEO of Vail Resorts, Rob Katz, is the special guest on hand tonight to deliver the annual Community Lecture sponsored by Park City’s Leadership program.

The free Lecture takes place tonight at 7:00 pm at the Santy Auditorium.

Myles Rademan, the founder and director of Park City Leadership, said he asked Katz to appear for the 25th annual program because Katz’s management of the multi-national ski resort conglomerate ties in well to the theme of leadership.

Officials for Vail Resorts reported good numbers for the second quarter of their fiscal year. They got a boost from strong winter weather—maybe too strong a boost in Nevada and the Northwest. And they talked about a new wrinkle for their Epic Pass.

During a conference call last week, Vail CEO Rob Katz said they were pleased with the growth in visitation and spending compared to the same quarter last year.

The Tombstone BBQ on the Canyons side of Park City Mountain Resort will see an upgrade after this season. That was one of the capital projects announced by Vail Resorts at Friday’s quarterly update to shareholders.

In his quarterly update to investors, Vail Resorts CEO Rob Katz noted Friday that over the last 10 years, the company has invested more than $1.2 billion. For next winter, the company will spend more than $175 million with the bulk of investments focused on getting the Colorado resorts open sooner with more terrain.

In the latest quarterly earnings report for Vail Resorts, CEO Rob Katz says he's pleased with the results. Especially considering the challenge of a weak winter they faced in the Western U.S. for much of the season. Rick Brough has more:

Vail Resorts, Inc., announced last month that Chief Executive Officer Rob Katz and his wife, Elana Amsterdam, have decided that the initial focus for their recently announced charitable fund will be on mental health issues in the Company’s local communities. Katz and Amsterdam created the new charitable fund in October 2017 with funding of approximately $58 million. Carolyn Murray has this :

Vail Resorts

Vail Resorts has reported, for the end of the 2017 fiscal year, that it has achieved another year of record-breaking results, with strong growth across the sectors of their business. One factor boosting that was the growth at Park City Mountain and the Canyons base. Rick Brough has more.

KPCW

A crowd of more than 200 people gathered outside city hall in Park City Wednesday afternoon to send a message to Vail Resorts, while executives from that company met inside with city officials to debate Vail's application to trademark the name "Park City."   KPCW's Renai Bodley was there: 

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