Ryman Hospitality Properties, Inc. Announces Patrick Moore as Chief Executive Officer of Opry Entertainment Group
June 26 2023 - 8:30AM
Ryman Hospitality Properties, Inc. (NYSE: RHP) (“Ryman”), a leading
lodging and hospitality real estate investment trust that
specializes in upscale convention center resorts and one-of-a-kind
entertainment experiences announced that its former Board of
Directors member Patrick Moore has been appointed Chief Executive
Officer of its Opry Entertainment Group (“OEG”) division. Moore’s
responsibilities include oversight of OEG’s growth plan, day-to-day
operations, and business development activities.
Mark Fioravanti, President and CEO of Ryman
Hospitality Properties, said, “Patrick is a capable leader who has
a deep understanding of our core values, our unique position in the
industry and the tremendous opportunity we have to grow OEG. With
this knowledge and his executive skillset, he is ideally suited to
lead OEG at this exciting time.”
Moore brings decades of experience leading
brands through periods of transformative growth, including his most
recent position as Executive Vice President, North America Retail
for Carter’s, Inc. where he led the brand’s nearly $2.5 billion
direct-to-consumer retail business through a commercial and digital
transformation. Prior to his time at Carter’s, Moore spent four
years at YP Holdings as its Chief Strategy Officer. Moore led a
diverse set of initiatives for YP Holdings, including business
development with major digital media publishers, revenue
management, and mergers and acquisitions. He also spent 12 years at
strategic consulting firm McKinsey & Company as a Partner in
its Digital and Consumer practice where he consulted with
organizations across multiple industries, including Ryman’s
predecessor company, Gaylord Entertainment. Moore joined Ryman’s
Board of Directors in 2015 and served until June 25, 2023.
Colin Reed, Executive Chairman of Ryman
Hospitality Properties, added, “Patrick has demonstrated through
his service on our Board that he has great respect for and
understanding of our brands and that he embraces the tremendous
responsibility we have to protect and preserve these assets for
future generations. I have confidence that he will keep our
stewardship commitment top of mind as he works with the team to
grow the business.”
Fioravanti continued, “Patrick’s addition to the
OEG team is the next step in our long-term strategic plan to grow
OEG. Patrick will spend much of his time working with our partners
at NBCUniversal and Atairos to implement the long-term strategy for
reaching new audiences and connecting country music lovers
worldwide to our one-of-a-kind assets.”
Moore serves as a member of the Interpublic
Group (NYSE: IPG) Board of Directors. He holds a master’s
degree in public policy from the University of Michigan and
received a Master of Business Administration from Harvard
University.
About Ryman Hospitality Properties,
Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP)
is a leading lodging and hospitality real estate investment trust
that specializes in upscale convention center resorts and leading
entertainment experiences. RHP owns a 70% controlling ownership
interest in Opry Entertainment Group (OEG), which is composed of
entities owning a growing collection of iconic and emerging country
music brands, including the Grand Ole Opry, Ryman Auditorium, WSM
650 AM, Ole Red and Circle, a country lifestyle media network owned
in a joint venture with Gray Television, Nashville-area
attractions, and Block 21, a mixed-use entertainment, lodging,
office and retail complex, including the W Austin Hotel and the ACL
Live at Moody Theater, located in downtown Austin, Texas. RHP
operates OEG as its Entertainment segment in a taxable real estate
investment trust subsidiary, and its results are consolidated in
Ryman’s financial results. Visit RymanHP.com for more
information.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements as to
Ryman’s beliefs and expectations of the outcome of future events
that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by the fact that they do not relate strictly to
historical or current facts. Examples of these statements include,
but are not limited to, statements regarding the business or
operational matters. These forward-looking statements are subject
to risks and uncertainties that could cause actual results to
differ materially from the statements made, including, but not
limited to, risks and uncertainties associated with economic
conditions affecting the entertainment business. Other factors that
could cause operating and financial results to differ are described
in the filings made from time to time by Ryman with the U.S.
Securities and Exchange Commission (SEC) and include the risk
factors and other risks and uncertainties described in Ryman’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2022, and its Quarterly Reports on Form 10-Q and subsequent
filings. Ryman does not undertake any obligation to release
publicly any revisions to forward-looking statements made by it to
reflect events or circumstances occurring after the date hereof or
the occurrence of unanticipated events.
Ryman Investor Relations Contacts: |
Ryman Media Contacts: |
Mark Fioravanti, President and Chief Executive Officer |
Shannon Sullivan, Vice President Corporate and Brand
Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
(615) 316-6588 |
(615) 316-6725 |
mfioravanti@rymanhp.com |
ssullivan@rymanhp.com |
~or~ |
~or~ |
Jennifer Hutcheson, Chief Financial Officer |
Robert Winters |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
(615) 316-6320 |
(929) 266-6315 |
jhutcheson@rymanhp.com |
robert.winters@alpha-ir.com |
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