THE WOODLANDS, Texas,
Sept. 20, 2021 /PRNewswire/
-- Target Hospitality Corp. ("Target Hospitality", "Target" or
the "Company") (NASDAQ: TH), North
America's largest provider of vertically integrated modular
accommodations and value-added hospitality services, continues its
diversification focus into government services, with the
appointment of Pamela Hughes
Patenaude to its board of directors, effective September 20, 2021.
The appointment is a continuation of the Company's growth
strategy that focuses on enhancing value through a balanced
portfolio of service offerings, across a diverse set of end market
applications. This strategic appointment strengthens Target's
ability to effectively identify and evaluate these growth
initiatives, while aligning leadership capabilities that focus on
expanding Target's reach providing critical support to the United
States Government.
Ms. Patenaude's experience serving as a senior executive in both
the federal government and nonprofit organizations enhances
Target's ability to pursue highly economic growth opportunities and
builds on the foundation Target has created as an established
provider of essential service offerings to the United States
Government. Her diverse experience will provide valuable
perspective as Target executes its growth strategy, focused on
utilizing existing core competencies to expand the reach of its
unique service offerings.
"We are pleased to welcome Pam as a new independent director to
the Target Hospitality board. Her diverse experience across
government, nonprofit and private industry will provide beneficial
insight as we continue to evaluate growth opportunities within
these market segments. Her appointment is a direct extension
of our growth strategy, focused on expansion and diversification
within the government and commercial services markets, which we
believe provides the greatest opportunity to accelerate value
creation," stated Brad Archer,
President and Chief Executive Officer.
Ms. Patenaude will serve as a Class I director as well as a
member of the Audit Committee.
Ms. Patenaude is an accomplished real estate, housing policy and
disaster recovery expert with a three-decade track record of
success as an executive in government, the nonprofit sector and
private industry. From 2017 until 2019, Ms. Patenaude served
as the deputy secretary of the U.S. Department of Housing and Urban
Development ("HUD"). Earlier in her career, Ms. Patenaude served as
assistant secretary for community planning and development at
HUD. She currently serves on the board of directors of
loanDepot, Inc. (NYSE: LDI) a publicly traded financial services
company. She also serves on the board of directors for Habitat
for Humanity International and the Bipartisan Policy Center. Ms.
Patenaude is a trustee and vice chairman of the Home Builders
Institute, and a member of the FDIC Advisory Committee on Economic
Inclusion. Ms. Patenaude is the principal of Granite Housing
Strategies, LLC, where she serves as a strategic advisor for
clients engaged in real estate development, affordable housing, and
disaster recovery management. Ms. Patenaude recently served as
an independent director of CoreLogic, Inc. Ms. Patenaude
previously served as the President of the J. Ronald Terwilliger
Foundation for Housing America's Families, a national nonprofit,
education, and research organization dedicated to illuminating
America's affordable housing crisis. Ms. Patenaude earned a
Bachelor of Science degree from Saint Anselm
College and a Master of Science degree in community economic
development from Southern New Hampshire
University.
"I am excited to join the Target Hospitality board of directors
and utilize my experience, across the public and private sectors,
to promote the continued growth of the Company. I believe the
knowledge I have gained over my career will enhance Target's
continued focus of broadening its service offerings in support of
the United States Government. I look forward to contributing to the
strategic initiatives of the Company," stated Pamela Hughes Patenaude.
Athena Alliance served in
consultation with the appointment of Ms. Patenaude.
About Target Hospitality
Target Hospitality is North
America's largest provider of vertically integrated modular
accommodations and value-added hospitality services in the United States. Target builds, owns and
operates a customized and growing network of communities for a
range of end users through a full suite of value-added solutions
including premium food service management, concierge, laundry,
logistics, security and recreational facilities services.
Investor Contact
Mark
Schuck
(832) 702 –
8009
ir@targethospitality.com
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SOURCE Target Hospitality