- Push-out Score determined
- After almost 10 years in the position
- Praise, thanks and good wishes for Barkin
- Search for a successor
- Barkin said 111 words
(exechange) — Broomfield, Colorado, July 11, 2022 — Michael Barkin, finance chief of Vail Resorts, leaves. As announced by Vail Resorts Inc. in a news release and in a regulatory filing published on Monday, July 11, 2022, Michael Z. Barkin leaves his post as chief financial officer at the mountain resort operator, after almost 10 years in the role, effective December 31, 2022, or such other date as mutually agreed upon based on the timing of appointing a successor and a transition.
Vail Resorts will undertake a search for a successor.
“To take time to pursue personal opportunities”
Michael Barkin’s departure from the CFO post is explained as follows. Vail Resorts said: “Executive Vice President and Chief Financial Officer Michael Barkin will be stepping down after nearly a decade in role to take time to pursue personal opportunities. Barkin’s resignation will be effective December 31, 2022, or such other date as mutually agreed upon based on the timing of appointing a successor and a transition.”
Precise information regarding Michael Barkin’s future plans was not immediately available.
Share price increase since July 2017
The announcement follows an increase in Vail Resorts Inc.’s share price of 8% since July 2017.
In the position of CFO since 2013
Michael Barkin became CFO of the Company in 2013.
Michael Z. Barkin has served as Executive Vice President and Chief Financial Officer since April 2013.
Barkin previously served as Vice President of Strategy and Development since July 2012.
Prior to joining the Company, he was a principal at KRG Capital Partners (“KRG”), a private equity investment firm, where he was a member of the investment team since 2006.
At KRG, Barkin was responsible for managing new acquisitions and had portfolio company oversight across multiple sectors.
Prior to KRG, he worked at Bain Capital Partners, a private equity investment firm, and Bain & Company, a strategy and consulting firm.
Barkin currently serves on the board of directors, compensation committee, and as audit committee chair of Clear Secure, Inc., the secure biometrics identity company, and serves on the board of directors of the National Forest Foundation and the Museum of Contemporary Art in Denver.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Michael Barkin’s move on a scale of 0 to 10.
exechange reached out to Vail Resorts and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 29.2022 ($).