The president and CEO of Starwood Hotels & Resorts Worldwide Inc. says he will not stand for re-election to the board of Bensalem-based Jones Apparel Group Inc.
Frits van Paasschen, who joined the Jones board in November 2006, cites "heightened time and travel demands" from his current job, which he got in September. When he joined the Jones board, he had been the CEO of Coors Brewing Co., which was acquired by Canadian brewer Molson.
Jones' annual shareholders meeting likely will occur in June as it has in previous years.
