Marriott International in May will appoint as president and COO its executive vice president, chief financial officer and president for continental European lodging, Arne Sorenson

. He will replace 35-year company veteran William Shaw, named vice chairman of the company. Executive vice president for financial information and enterprise risk management Carl Berquist will become EVP and CFO, reporting to Shaw, and "retain his role as the company's principal accounting officer," Marriott said.