Vail Resorts Shares Soar After Chairperson Returns to CEO Post

Vail Resorts Inc. rose the most since November 2020 after the ski resort operator said Executive Chairperson Rob Katz will return to the role of chief executive officer, replacing Kirsten Lynch, who stepped down.

Lynch, who is also leaving the company’s board, will remain in an advisory role, the company said Tuesday. Katz, 58, served as CEO of the ski resort operator from 2006 to 2021.

Shares of Vail rose as much as 16% to $175.51 Wednesday in New York. They were down 19% this year through the close on Tuesday.

C. Patrick Scholes, an analyst at Truist ...