Lamar Advertising Company Names Jay Johnson Chief Financial Officer
May 30 2019 - 04:19PM
Lamar Advertising Company (Nasdaq: LAMR), a leading owner of
outdoor advertising and logo sign displays, today announced that
Jay Johnson has been appointed Chief Financial Officer effective
October 1, 2019.
Mr. Johnson, 42, has served as Executive Vice
President and Chief Financial Officer of DiamondRock Hospitality
Company (NYSE: DRH) since April 2018, where he has led all
financial activities for the lodging real estate investment trust,
including treasury, investor relations, tax, risk management,
financial reporting and analysis and capital raising. Prior to
joining DiamondRock, Mr. Johnson served as Senior Vice President
and Treasurer at Host Hotels & Resorts (NYSE: HST), an S&P
500 company, where he completed more than $14 billion in debt and
equity capital transactions in 12 countries.
“Jay’s experience as a public company CFO,
familiarity with the capital markets and real estate investors, and
energy and strategic perspective make him a great fit for us,” said
Sean Reilly, Lamar’s Chief Executive Officer. “We are excited that
he will be joining our team.”
Mr. Johnson, a native of Bastrop, La., will
succeed Keith Istre, who announced in January his intent to retire
from Lamar on December 31, 2019. Mr. Istre will become Chief
Financial Officer Emeritus on October 1, 2019 and help Mr. Johnson
transition into his new role.
Mr. Johnson commented, “I am thrilled to join
this great company and help Sean and the entire organization
continue the success of Lamar. Keith is a talented executive who
has built an exceptional finance platform, and I look forward to
working with him through this transition. Furthermore, I could not
be more pleased to return home to Louisiana.”
Prior to Host Hotels & Resorts, Mr. Johnson
served in a variety of banking roles at KeyBank Real Estate Capital
and Bank of America. Prior to those roles, he was in the management
consulting practice of Deloitte & Touche LLP, the investment
banking group at Prudential Securities and the industrial markets
trading division of Enron Corporation.
Mr. Johnson received an MBA from Harvard
Business School and a BA in economics from Morehouse College.
Forward-Looking StatementsThis
press release contains “forward-looking statements” concerning
Lamar Advertising Company’s goals, beliefs, expectations, and other
statements that are not necessarily based on historical facts. We
undertake no obligation to update the information contained in this
press release to reflect subsequently occurring events or
circumstances.
ABOUT LAMAR ADVERTISING
COMPANYFounded in 1902, Lamar Advertising Company (Nasdaq:
LAMR) is one of the largest outdoor advertising companies in North
America, with more than 360,000 displays across the United States
and Canada. Lamar offers advertisers a variety of billboard,
interstate logo, transit and airport advertising formats, helping
both local businesses and national brands reach broad audiences
every day. In addition to its more traditional out of home
inventory, Lamar is proud to offer its customers the largest
network of digital billboards in the United States with over 3,200
displays. Please feel free to explore our website www.lamar.com or
contact us at hello@lamar.com for additional information.
Press Contact:
Buster KantrowDirector of Investor
RelationsLamar Advertising Company(225)
926-1000bkantrow@lamar.com
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