BETHESDA, Md., Oct. 12, 2022 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) as we speak introduced the appointment of Diana M. Laing to the corporate’s Board of Directors, efficient October 11, 2022. Ms. Laing has additionally been appointed to serve on the Audit Committee, efficient November 7, 2022. With the addition of Ms. Laing, the Company’s Board could have 9 administrators, seven of whom are unbiased; and three ladies administrators, which is greater than 30 % of the Board.
Ms. Laing is a seasoned company finance government with a profession centered in actual property funding and working firms. She brings greater than 35 years of expertise as a chief monetary officer and public firm government to the Board of Directors. She most just lately served as interim chief monetary officer for Alexander and Baldwin, an actual property funding belief and one of Hawaii’s main homeowners and operators of grocery-anchored strip retail facilities. Prior to Alexander and Baldwin, she held the position of chief monetary officer for quite a few actual estate- centered firms together with American Homes 4 Rent, Thomas Properties Group, Inc., New Pacific Realty Corporation and Arden Realty.
“We are thrilled to welcome Diana Laing to our Board,” stated Richard Marriott, chairman of the Host Hotels & Resorts Board of Directors. “We are confident that her deep knowledge and leadership in the real estate industry and her financial expertise will provide valuable perspectives and thoughtful insights to Host.”
“Diana is a highly-regarded corporate finance executive and will be an excellent addition to our Board,” stated James Risoleo, president and chief government officer. “I look forward to working with her as we continue to execute on our strategic objectives, drive profitability and enhance the value and quality of our portfolio.”
“It is a privilege to join the Board of Directors of Host Hotels & Resorts,” stated Ms. Laing. “Given my long tenure in the REIT community, I have great respect for Host as a leader in the lodging REIT industry and the broader REIT sector. I am excited to share my industry experience and perspective with Host’s management team as they continue to capitalize on this leading position and achieve their strategic objectives.”
About Diana M. Laing
Ms. Laing brings to the Board intensive expertise within the areas of company technique, threat administration, public fairness and company debt choices, mergers and acquisitions, finance and capital markets, accounting and monetary reporting, investor relations, info know-how and company governance. She additionally has intensive public firm board expertise as an unbiased director.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc. is an S&P 500 firm and is the most important lodging actual property funding belief and one of the most important homeowners of luxurious and upper-upscale inns. The Company at the moment owns 73 properties within the United States and 5 properties internationally totaling roughly 42,300 rooms. The Company additionally holds non-controlling pursuits in seven home and one worldwide joint ventures.
| SOURAV GHOSH Chief Financial Officer (240) 744-5267 |
JAIME MARCUS Investor Relations (240) 744-5117 [email protected] |
