Host Hotels & Resorts, Inc. Appoints Sourav Ghosh as Chief Financial Officer
August 31 2020 - 8:00AM
Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”),
the nation’s largest lodging real estate investment trust, today
announced that Sourav Ghosh has been appointed as executive vice
president, chief financial officer and treasurer, effective
September 1, 2020. Mr. Ghosh currently serves as the Company’s
executive vice president, Strategy & Analytics and has held
various leadership roles across Host’s corporate finance, strategy,
business intelligence and analytics functions since 2009. In his
new role, Mr. Ghosh will lead Host's finance function, including
Accounting, Tax, Treasury, Investor Relations and Information
Technology, in addition to Enterprise Analytics. Brian Macnamara,
who has led the Company’s finance organization since December 2019,
will continue in his role as Host’s senior vice president and
corporate controller.
James F. Risoleo, the Company’s president and
chief executive officer, said, “Sourav is an exceptionally talented
leader who has demonstrated remarkable financial acumen and thought
leadership throughout his career at Host. He has defined our
strategic enterprise analytics, helped the Company deliver
historically strong margin performance, been instrumental in our
achieving key financial milestones and has built strong
relationships with the investment community. I am confident that
Sourav’s operational and strategic understanding of our business
makes him the ideal individual to lead our finance function as we
continue navigating the COVID-19 operating environment and
executing on our strategic priorities to deliver both near- and
long-term value to our shareholders and other stakeholders.”
Risoleo continued, “I want to thank Brian for
leading our finance organization while we undertook a comprehensive
search of candidates for the CFO role. We greatly appreciate
Brian’s steadfast leadership during these challenging times and
will continue to benefit from his expertise.”
Mr. Ghosh said, “I am honored to have the
opportunity to serve as the Company’s next CFO. I look forward to
drawing on my decade of experience at Host and working closely with
our talented teams as we work to capitalize on the Company’s strong
balance sheet, unparalleled scale and unrivaled platform to
redefine our operating model and drive growth and
profitability.”
About Sourav Ghosh
Mr. Ghosh joined Host in 2009 and has led the
Company’s operations strategy and analytics, as well as innovations
and strategic initiatives for the Company’s various departments and
investment platforms. In addition, Mr. Ghosh has also led the
Information Technology department at Host. Prior to joining Host,
Mr. Ghosh held numerous positions at Starwood Hotels & Resorts
including senior director of Real Estate Investments and director
of Acquisitions & Development where he was responsible for
sourcing, structuring and negotiating acquisitions and development
deals. Mr. Ghosh currently serves as a Board of Directors member
for the U.S. Travel Association as well as Uniform System of
Accounts for the Lodging Industry.
About Host Hotels &
Resorts
Host Hotels & Resorts, Inc. is an S&P
500 company and is the largest lodging real estate investment trust
and one of the largest owners of luxury and upper-upscale hotels.
The Company currently owns 75 properties in the United States and
five properties internationally totaling approximately 46,700
rooms. The Company also holds non-controlling interests in six
domestic and one international joint ventures. Guided by a
disciplined approach to capital allocation and aggressive asset
management, the Company partners with premium brands such as
Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The
Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis®
and Novotel®, as well as independent brands. For additional
information, please visit the Company’s website at
www.hosthotels.com.
* This press release contains registered
trademarks that are the exclusive property of their respective
owners. None of the owners of these trademarks has any
responsibility or liability for any information contained in this
press release.
Tejal Engman Investor Relations (240) 744-5116
ir@hosthotels.com
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