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Co-Chairman and Chief Executive Officer
Mr. Pillsbury oversees all aspects of Thayer´s activities, including
its strategy and investment policy, and will be a member of the
Investment Committee. Prior to forming Thayer, Mr. Pillsbury founded
Grand Heritage Hotels, a manager of historic and unique independent
hotels.
Mr. Pillsbury joined Marriott Corporation in 1969. During his 20-year
tenure at Marriott, he served in a variety of roles including hotel
general manager, director of sales and marketing and strategic
planning and development. In 1986, he was named a corporate officer
and Executive Vice President of Marriott Corporation. From 1986 to
1989, he revamped Marriott´s pricing strategies and developed the
first generation of revenue management and yield management systems
and developed Marriott´s frequent traveler program. He launched
venture teams that led Marriott´s entry into the time-sharing
business, Fairfield Inns economy lodging business and acquired
the Residence Inn Company. As Vice President and General Manager
of Fairfield Inns and Residence Inn, he supervised 18,000 people
and in excess of $1 billion in capital investment in lodging
products.
Mr. Pillsbury received a B.S. from Cornell School of Hotel
Administration and an Executive M.B.A. from Northwestern
University J.L. Kellogg Graduate School of Management.
Mr. Pillsbury serves on the University Council at Cornell
University, the Dean´s Advisory Board of J.L. Kellogg School
of Management, and is a director and investor in several
privately held companies.
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