Hilton Says Bollenbach Will Step Down as CEO at End of 2007

Hilton Hotels said that Stephen Bollenbach plans to step down as
CEO on Dec. 31, but will carry on as co-chairman of the company's board until the end of 2010.

The lodging company said the process of identifying and naming a new CEO is under way and is expected to be completed by summer 2007. Hilton also said chief operating officer Matthew Hart had been elected to the company's board.