Red Lion Hotel Corporation Announces CFO Departure
15 Mai 2020 - 1:30PM
Red Lion Hotels Corporation (the “Company”) (NYSE: RLH), announced
today that its current Chief Financial Officer Nate Troup is
leaving the Company to join Twilio (NYSE:TWLO) as its Vice
President, Global Controller. Mr. Troup’s last day with the Company
will be May 29, 2020. RLHC has engaged Gary A. Kohn, a financial
consultant with extensive public company chief financial officer
experience, to support RLHC during the transition and until a
replacement can be identified. In addition to his CFO experience,
Mr. Kohn also has extensive experience with treasury, financial
planning and analysis, and investor relations functions.
The Company believes it has a strong finance
team in place to work with Mr. Kohn and expects a smooth
transition. Mr. Kohn will join RLHC effective May 18, 2020.
John Russell, RLH Corporation Interim Chief
Executive Officer stated, “The Company continues its back to basics
focus on supporting our franchisees and growing our franchise
network. We have a strong finance team that can continue executing
with the oversight of Gary, and we expect a smooth transition. Nate
was an integral part in helping us through our recent cost
reduction initiatives and he will be missed. On behalf of RLHC and
the Board, we thank Nate for his efforts and wish him much success
in the future.”
The Company intends to promptly conduct a search
for a permanent CFO, and Gary Kohn will be considered along with
other candidates identified.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of federal securities law, including
statements concerning plans, objectives, goals, strategies,
projections of future events or performance and underlying
assumptions (many of which are based, in turn, upon further
assumptions). The forward-looking statements in this press release
are inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those
expressed. Such risks and uncertainties include, among others, our
dependency upon the ability and experience of executive officers,
and our ability to retain or replace such officers; economic
cycles; international conflicts; changes in future demand and
supply for hotel rooms; competitive conditions in the lodging
industry; relationships with franchisees and properties; impact of
government regulations; ability to obtain financing; changes in
energy, healthcare, insurance and other operating expenses; ability
to sell non-core assets; ability to locate lessees for rental
property; as well as other matters discussed in the Company's
annual report on Form 10-K for the year ended December 31,
2019, its quarterly report on Form 10-Q for the quarter ended March
31, 2020, and in other documents filed by the Company with
the Securities and Exchange Commission. The Company undertakes
no intent or obligation to publicly update or revise any
forward-looking statements.
About RLH CorporationRLH
Corporation is an innovative hotel company focused on the
franchising of upscale, midscale and economy hotels. The company
maximizes return on invested capital for hotel owners across North
America through relevant brands, industry-leading technology and
forward-thinking services. For more information, please visit the
company's website at www.rlhco.com.
Social
Mediawww.Facebook.com/myhellorewardswww.Twitter.com/myhellorewardswww.Instagram.com/myhellorewardswww.Linkedin.com/company/rlhco
Investor Relations ContactNikki SacksInvestor
Relations 203-682-8263investorrelations@rlhco.com
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