Hilton Worldwide Holdings Inc. (Hilton) announced the completion of the spin-offs of Park Hotels & Resorts Inc. (Park) and Hilton Grand Vacations Inc. (HGV), resulting in three independent, publicly traded companies. In connection with the spin-offs, on January 3, 2017, Mark D. Wang resigned from his position as an Executive Vice President of Hilton. Mr. Wang will continue to serve as President of HGV and will also serve as Chief Executive Officer and a director of HGV. Hilton will continue to be led by Christopher J. Nassetta, president and chief executive officer (CEO). Kevin J. Jacobs will continue to serve as Hilton's executive vice president and chief financial officer (CFO) and Michael W. Duffy will continue to serve as Hilton's senior vice president and chief accounting officer. Its portfolio of 13 distinct brands leads the industry in market share premiums, resulting in leading rates of organic net unit growth with very low capital requirements.