Red Lion Hotels Corporation Appoints David Wright Interim Chief Financial Officer
April 12 2016 - 04:30PM
Red Lion Hotels Corporation (“RLHC" or the "Company”) (NYSE:RLH), a
growing hospitality company that operates and franchises upscale,
midscale and economy hotels, announced today that James Bell, its
former Chief Financial Officer, has decided to leave RLHC to pursue
another professional venture. The Board has appointed David Wright,
the Company’s Vice President of Accounting, Tax & External
Reporting, as interim Chief Financial Officer, effective
immediately. The Board, working with leading executive search firm
AETHOS Group, will lead the search for a permanent Chief Financial
Officer.
"RLHC has a remarkably experienced
management team in place to deliver on the Company’s growth
plans in the five brands that it franchises,” commented Greg Mount,
President and Chief Executive Officer. “We will continue to
focus on growing our national presence to drive value for our
shareholders. Our balance sheet should provide RLHC with the
capacity essential to support our anticipated growth in the years
to come. We would like to thank Jim Bell for his contributions to
our transformation during his tenure, which have been invaluable,
and we wish him the very best in his future endeavors.”
David Wright joined RLHC in 2015 as Vice
President of Accounting, Tax & External Reporting to oversee
all accounting related functions, including management of all
aspects of generally accepted accounting principles (GAAP) applied
within the Company, comprehensive tax accounting and policies,
Sarbanes-Oxley internal controls, all Securities and Exchange
Commission (SEC) filings, and management of quarterly reviews,
annual audits and external auditor communications. He brings
over 18 years of broad technical accounting and financial reporting
expertise, having worked for the previous seven years in various
technical accounting roles at Itron (NASDAQ:ITRI) and for 11 years
prior to that in increasing supervisory roles on external audit
engagements at Deloitte. In addition to his existing
responsibilities, Mr. Wright will fill the role of interim Chief
Financial Officer until a permanent candidate is identified and
on-boarded.
About RLHC:
Red Lion Hotels Corporation is a hospitality
company primarily engaged in the franchising, management and
ownership of upscale, midscale and economy hotels under the Hotel
RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and
Settle Inn brands. Established in 1959, the company has 125 hotels
system wide and also owns and operates an entertainment and event
ticket distribution business. For more information, please visit
the company's website at www.redlion.com.
Investor Relations Contact
Evelyn Infurna
O: 203-682-8265
C: 203-856-2088
Investor.Relations@redlion.com
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