Loews Corporation announced that CEO Jonathan (Jon) Tisch will assume the role of Executive Chairman and Alex Tisch will become President and Chief Executive Officer, effective Jan. 1, 2023. Jon Tisch will remain Co-Chairman of the Board of Loews Corporation, serving along with Andrew Tisch.

As an officer of Loews Hotels since 1986, Jon Tisch engineered the company's expansion and emergence as an industry leader. His longstanding focus on strategic partnerships and creation of a unique corporate culture has resulted in strong profitability. Loews Hotels' culture is widely praised for empowering its team members, satisfying its customers and contributing to its communities.

Jon serves as the Chairman Emeritus of the United States Travel Association, the successor organization to the Travel Business Roundtable, which he founded. Alex Tisch joined Loews Hotels in June of 2017 and was named President in September of 2020. Over the course of the past five years, Alex has been an integral part of the creation and execution of the company's strategic plan.

He has accelerated Loews Hotels' growth by strengthening and expanding the company's partnerships, and adding new properties in Arlington, TX, St. Louis, MO, Kansas City, MO, Orlando, FL and Coral Gables, FL. Alex has also implemented a more dynamic and data-driven approach within the organization's commercial group.