Hyatt Hotels Corp. selected Chuck Floyd to become global president of operations, a new position overseeing all three of Hyatt's regional presidents, effective Aug. 1.

Floyd has led Hyatt's global operations center since 2012. Additionally, Hyatt will move Asia/Pacific senior vice president of operations Pete Sears to become group president for the Americas. The reorganized executive team structure, announced this week, also expands the role of global head of real estate and capital strategy Steve Haggerty to include responsibility for franchising and select-service hotels, which president and CEO Mark Hoplamazian called "key areas of growth over the coming years" for Hyatt.