ILX Resorts Announces Appointment of Vice Chairmen
MARCH 14, 2007. ILX Resorts Incorporated (AMEX:ILX) a leading developer, operator and marketer of upscale flexible-stay vacation ownership resorts in the western United States, announced the appointments of Nancy J. Stone and Joseph P. Martori, II as Vice Chairmen of the Company.
Under these newly created positions, Ms. Stone will continue to be President and Chief Operating Officer of the Company and Mr. Martori will be responsible for both sales and marketing of vacation ownership interests as Chief Sales and Marketing Officer. Heretofore sales and marketing have been separated at the executive vice president level, with Mr. Martori most recently holding the position of Executive Vice President of Marketing.
"I assure that I have no near-term intention of stepping down. Yet, succession management is highly important to the future of our Company. Defining the skills, experience and attributes required for prospective senior leadership and identifying the individuals will add a whole different dimension to the leadership of ILX Resorts," said Joe Martori, Chairman and CEO.
He continued, "Further, combination of responsibility for the interrelated functions of sales and marketing will contribute to efficiency and bottom line profitability in our core business, and at the same time, allow other executives to direct greater attention to other areas of opportunity and expertise. I look forward to continuing to expand and enhance our vacation ownership endeavors and to integrating the tremendous potential of Legacy Park, in Sedona, to our unique offerings. With the realignment of responsibilities among the talented team now in place, we are well positioned to bring new projects to fruition, including our proprietary First Piggy concept."
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