Starwood taps Heyer as new CEO

Starwood Hotels & Resorts Worldwide has named former Coca-Cola President Steven J. Heyer as its new chief executive. Starting Oct. 1, Heyer, who left Coca-Cola after being passed over for the position of CEO, will replace Starwood founder Barry Sternlicht, who will become the company's executive chairman and will have scaled-back duties.

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