Hyatt’s Tom Pritzker Announces Retirement Citing Epstein Ties

Hyatt Hotels Corp. Executive Chairman Tom Pritzker said he’s retiring from his position at the company and won’t stand for reelection to its board, citing an association with the late disgraced financier Jeffrey Epstein.

“My job and responsibility is to provide good stewardship. That is important to me. Good stewardship includes ensuring a proper transition at Hyatt,” Pritzker said in a news release on Monday from the Pritzker Organization. He said he decided to quit the role he’s held since 2004 after discussions with fellow board members.