FelCor Names New Chief Financial Officer
06 Maio 2013 - 9:00AM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
the appointment of Michael C. Hughes as Senior Vice President,
Chief Financial Officer and Treasurer, effective July 1, 2013. Mr.
Hughes succeeds Andrew J. Welch, who is leaving the company after
15 years of service. Mr. Welch will remain with FelCor through
December 31, 2013 to facilitate the transition.
Michael C. Hughes, FelCor Senior Vice
President, Chief Financial Officer and Treasurer (Photo: Business
Wire)
Before undertaking his new role, Mr. Hughes served as FelCor’s
Senior Vice President, Finance and Treasurer. He joined the company
in 2006 as Vice President, Finance and assumed additional
responsibilities as the company’s Treasurer in 2009. During his
tenure at FelCor, Mr. Hughes played a vital role in the company’s
capital markets activities and led FelCor’s corporate forecasting,
budgeting, cash management, rating agency relationships and
treasury functions.
Mr. Hughes has more than 15 years of experience in finance,
having also served as the Vice President of Corporate Finance for
Wyndham International, Inc. (which he joined in 2002) and as a
business consultant with Maverick Management LLC. He was awarded a
bachelors degree in business from Rhodes College and is a holder of
the Chartered Financial Analyst® designation.
Richard A. Smith, President and Chief Executive Officer of
FelCor, said, “Michael’s deep understanding of the lodging industry
and real estate, coupled with his sophisticated financial and
capital markets expertise and knowledge of FelCor’s business, makes
him particularly well-suited to assume broader responsibilities at
FelCor. Michael’s efforts were crucial to our successful balance
sheet restructuring program, which reduced our cost of capital and
extended and staggered debt maturities, and has been an integral
member of our leadership team for many years.”
Mr. Smith continued, “We are grateful for Andy’s meaningful
contributions to FelCor over the past 15 years. He has been an
essential part of the Company’s turnaround, and it has been a
pleasure to work alongside him over the past eight years. On behalf
of our Board of Directors, the management team and all of our
colleagues, we wish Andy the very best and are glad to have him on
board to ensure a smooth transition.”
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major and resort markets. FelCor partners with leading
hotel companies to operate its 66 hotels, which are flagged under
globally recognized names and premier independent hotels in New
York. Additional information can be found on the Company’s website
at www.felcor.com.
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