Romney rejoins Marriott board of directors

CBS News' Jan Crawford reports on how the loss on Election Night caught the Romney campaign by surprise and what they might have done have done differently.

He came from the business world, and to the business world he returns.

2012 GOP presidential candidate Mitt Romney has rejoined the board of directors of Marriott International, Inc., the company said Monday. Romney's board term begins today.

J.W. Marriott, Jr., Marriott's executive chairman, said the company is "delighted that Gov. Romney has agreed to rejoin our board, on which he has served with distinction twice before. We will benefit from his tremendous energy and capability to guide long-term success in an increasingly complex business environment."

Arne Sorenson, the company's president and CEO, praised Romney as an "astute, independent director who is fluent in the demands and opportunities of our highly competitive industry."

Romney, who stayed at the J.W. Marriott in downtown Washington, D.C. last week, said, "It is an honor to once again be able to serve in the company of leaders like Bill Marriott and Arne Sorenson and to support the work of the tens of thousands of Marriott associates who make Marriott International the renowned success that it is."

Romney's previous stints on the company's board were between 1993 and 2002, when he left to serve as governor of Massachusetts, and between 2009 and 2011, when he left to pursue the presidency.