By bizn_fun 
Pritzker, who has held the role of executive chairman at the global hotel chain since 2004, said he decided to step down after discussions with fellow board members and would not stand for reelection.
“My job and responsibility is to provide good stewardship… Good stewardship includes ensuring a proper transition at Hyatt”, said Pritzker, the billionaire heir to the hotel chain’s fortune.
He said: “Good stewardship also means protecting Hyatt, particularly in the context of my association with Jeffrey Epstein and Ghislaine Maxwell which I deeply regret.”
Maxwell was convicted in 2021 for her role in luring underage girls for Epstein.
He was convicted in 2008 for soliciting prostitution from a child and died while in custody facing sex trafficking charges in 2019.
Pritzker said he condemned the actions of the pair, adding: “There is no excuse for failing to distance myself sooner.”
His statement was paired with a letter to the board, in which Pritzker points out that he will be 76 this year and that the company is in a “strong and sustainable position” with the strength to thrive. He does not mention his links to Epstein or Maxwell in his letter to the board.