ROCKVILLE, Md., Aug. 10, 2017 /PRNewswire/ -- "On July 13, 2017, Choice Hotels International,
Inc., (NYSE: CHH) Board of Directors announced our CEO Succession
Plan and the appointment of Patrick
Pacious as incoming President and Chief Executive
Officer.
We are pleased to share that Pat will assume his role as
President and Chief Executive Officer and is joining the Board of
Directors on September 12, 2017.
After serving on the DineEquity, Inc., board for more than five
years, Steve Joyce was named the
company's Chief Executive Officer, effective September 12, 2017. This is exciting news for
Steve and no surprise as he is a leader who drives growth and
innovation.
The CEO succession of Steve to Pat is the culmination of a
deliberate, long-term planning process focused on maintaining
leadership continuity and continued positive business growth. We
are grateful to Steve for his many valuable contributions and wish
him the best in his future leadership role. The Board of Directors
is delighted to have Pat at the helm of Choice Hotels, as he is an
accomplished leader in the organization. We know that Pat is
the right person to drive continued success for Choice today and in
the future.
To enable Steve to focus on his new role, he will be stepping
down from the Choice Hotels Board of Directors."
About Choice Hotels
Choice Hotels International,
Inc. (NYSE: CHH) is one of the world's largest hotel
companies. With over 6,500 hotels franchised in more than 40
countries and territories, Choice Hotels
International represents more than 500,000 rooms around the
globe. As of June 30, 2017, 792 hotels were in our
development pipeline. Our company's Ascend Hotel Collection®,
Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®,
Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay
Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals
by Choice Hotels™ brands provide a spectrum of lodging
choices to meet guests' needs. With more than 32 million members,
our Choice Privileges® rewards program enhances every trip a guest
takes, with benefits ranging from instant, every day rewards to
exceptional experiences, starting right when they join. All
hotels and vacation rentals are independently owned and operated.
Visit us at www.choicehotels.com for more
information.
Forward-Looking Statements
Certain matters
discussed in this press release constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Generally, our use of words such as
"expect," "estimate," "believe," "anticipate," "should," "will,"
"forecast," "plan," "project," "assume" or similar words of
futurity identify such forward-looking statements.
These forward-looking statements are based on management's
current beliefs, assumptions and expectations regarding future
events, which in turn are based on information currently available
to management. Such statements may relate to
projections of the company's revenue, earnings and other
financial and operational measures, company debt levels, ability to
repay outstanding indebtedness, payment of dividends, repurchases
of common stock and future operations, among other matters.
We caution you not to place undue reliance on any such
forward-looking statements. Forward-looking statements do not
guarantee future performance and involve known and unknown risks,
uncertainties and other factors.
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SOURCE Choice Hotels International, Inc.