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Berk Leaving Fairfield; Hanning Taking Over as President/CEO

ORLANDO-The change of command will take place after Cendant Corp., the New York-based parent of locally based Fairfield Communities Inc., closes on the Fairfield acquistion in April.

By Alex Finkelstein | Updated on January 24, 2001

ORLANDO-A new tenant is scheduled to occupy the executive suite in April at locally based Fairfield Communities Inc. Franz Hanning, the time share company’s chief operating officer, will take over as president/CEO after Jim Berk leaves to head another unnamed organization.

The change of command will occur after Cendant Corp., the New York-based parent of Fairfield, closes on the previously-announced acquistion of the time share firm. Berk will also be a special advisor to Cendant travel division chairman/CEO Stephen P. Holmes for an undetermined period, according to a company news release today.

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