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Article: LaSalle Hotel Properties Names Michael D. Barnello Chief Executive Officer.
- Article from:
- Leisure & Travel Week
- Article date:
- October 3, 2009
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LaSalle Hotel Properties (NYSE: LHO) announced that Michael D. Barnello was named Chief Executive Officer and Lead Director Stuart L. Scott was named acting Chairman of the Board effective immediately. These actions were taken after Mr. Jon E. Bortz informed the Board of his decision to retire from the Company effective as of September 13, 2009, accelerating the previously announced succession plan. Additionally, Mr. Bortz resigned his position as Trustee and Chairman of the Board. Mr. Bortz' decision to step down early was made to allow him to pursue other career opportunities.
"The Board is greatly appreciative of the outstanding leadership that Jon has ...