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Thomas Pritzker announced Monday that he will step down as executive chairman of Hyatt Hotels Corporation, citing “terrible judgment” in maintaining contact with convicted sex offender Jeffrey Epstein and his associate Ghislaine Maxwell. The 75-year-old business leader confirmed in a letter to the Hyatt board that he will not seek re-election in 2026, marking the end of more than two decades in the top leadership role at the global hospitality company.
In a public statement, Pritzker expressed deep regret over his past associations. He acknowledged that remaining in contact with Epstein and Maxwell was a serious mistake and said there was “no excuse” for failing to distance himself sooner. Pritzker emphasized that responsible leadership includes safeguarding Hyatt’s reputation, particularly in light of renewed scrutiny surrounding Epstein’s connections to prominent figures in business, politics, and academia.
Thomas Pritzker has served as executive chairman since 2004 and played a central role in Hyatt’s expansion and long-term strategy. During his tenure, Hyatt went public, transitioned to an asset-light business model, and navigated significant industry challenges, including the COVID-19 pandemic. Under his leadership, the hotel chain strengthened its global presence and focused on brand growth and operational resilience.
The announcement comes as the U.S. Justice Department continues releasing internal documents related to Jeffrey Epstein. The documents detail Epstein’s extensive network of high-profile contacts before and after his 2008 guilty plea to prostitution charges involving an underage girl. Epstein was arrested again in 2019 on federal sex trafficking charges and later died in a Manhattan jail cell. His death was officially ruled a suicide.
Pritzker’s decision to step down reflects ongoing corporate governance concerns and highlights the reputational risks companies face when executives are linked to controversial figures.
