IRVINE, Calif., Feb. 18, 2020 /PRNewswire/ -- Sunstone Hotel
Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO), the
owner of Long-Term Relevant Real Estate® in the hospitality sector,
today announced two actions that reaffirm the Company's commitment
to stockholder-friendly corporate governance and ongoing Board
refreshment. First, Z. Jamie
Behar, a Sunstone Director since 2004 and its current
Chairwoman of the Nominating & Corporate Governance Committee,
informed the Company's Chairman of the Board, Douglas M. Pasquale, that she will not stand for
re-election to the Board of Directors at the 2020 annual meeting of
stockholders. Second, the Board of Directors unanimously
nominated Monica Digilio to stand
for election to the Board at the Company's 2020 annual meeting.
"I, along with all the Company's Directors, would like to thank
Jamie for her leadership and considerable contributions to Sunstone
over the past fifteen years," stated Mr. Pasquale. "At the
same time, we are pleased to welcome Monica to the Board and look
forward to benefiting from her significant expertise."
John Arabia, President and Chief
Executive Officer, stated, "I thank Jamie and am grateful for her
many contributions. Under her leadership as Chairwoman of the
Nominating & Corporate Governance Committee, we have continued
to establish Sunstone as an industry leader in corporate governance
and transparent communication. The Company and our stockholders
have greatly benefited from her tenure as a Board Member."
Mr. Arabia continued, "I also would like to welcome Monica to
the Board of Directors. Monica brings a wealth of knowledge
and experience in human resources, labor relations, hotel
operations, corporate governance and mergers &
acquisitions."
About Monica Digilio:
Ms. Digilio has more than 25 years of experience in the
hospitality, resort and gaming industries. She currently serves as
the Executive Vice President and Chief Human Resources Officer for
Caesars Entertainment Corporation. Prior to joining Caesars
Entertainment, Ms. Digilio spent six years as the Executive Vice
President, Chief Human Resources Officer for Montage International,
where she helped to expand the company's portfolio of Montage
branded hotels and resorts, and to launch the Pendry brand.
Prior to joining Montage Hotels and Resorts, she spent 12 years
as the Executive Vice President of Global Human Resources for
Kerzner International, parent company of the Atlantis and One &
Only brands, and 10 years in leadership positions with ITT Sheraton
Corporation.
Ms. Digilio is a native of New
York and holds both a Master's Degree and a Bachelor's
Degree from Ithaca College in Ithaca,
New York. She also serves as an Advisory Board Member for
Cornell University's Leland C. and Mary
M. Pillsbury Institute for Hospitality Entrepreneurship.
About Sunstone Hotel Investors:
Sunstone Hotel Investors, Inc. is a real estate investment trust
("REIT") that invests in Long-Term Relevant Real Estate® within the
hospitality sector. Sunstone's hotels are primarily in the
urban and resort upper upscale segment and are predominantly
operated under nationally recognized brands such as Marriott,
Hilton and Hyatt. For further information, please visit Sunstone's
website at www.sunstonehotels.com.
For Additional Information:
Bryan Giglia
Sunstone Hotel Investors, Inc.
(949) 382-3036
Aaron Reyes
Sunstone Hotel Investors, Inc.
(949) 382-3018
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SOURCE Sunstone Hotel Investors, Inc.