Linda Philp Resigns
|ATLANTA, Ga., October 28, 2005—Lodgian, Inc. (AMEX: LGN), one of the
nation’s largest independent owners and operators of full-service hotels,
today announced that Linda Borchert Philp will resign from her position
as executive vice president and chief financial officer, effective December
16, 2005. Following her departure date, Philp will stay on as a consultant
with the company for up to three days a week through as late as mid-March
2006, to assist with the year-end close, Sarbanes Oxley issues and filing
the 10K annual report, or until a suitable replacement is found.
The company said it already has begun a formal search for a successor.
Philp served as a consultant to Lodgian beginning in 2001 during the company’s restructuring. She officially joined the company in 2002 as vice president, treasurer, was promoted to vice president, chief accounting officer and treasurer of the company in November 2003 and was promoted to executive vice president and chief financial officer in January 2005.
“Linda has compiled a very impressive record of success during her four years at Lodgian, playing a key role in our financial restructuring and in strengthening our financial reporting,” said Ed Rohling, president and CEO. “At this point in her career, she has decided to make a change and has voluntarily resigned to pursue other opportunities that will allow her to devote more time to her family. Fortunately, we will still benefit from her counsel and experience, as she will remain as a consultant to the company following her official departure date in mid-December.”
Rohling and Philp will host the company’s third quarter earnings call on Thursday, November 3, at 10 a.m. ET. Interested parties may dial in at (800) 240-2430, reference number 11041198.
This press release includes forward-looking statements related to Lodgian’s operations that are based on management’s current expectations, estimates and projections.
|Also See:||Lodgian Promotes Linda Philp to VP Chief Accounting Officer, Deborah Ethridge to VP, Finance and Investor Relations / November 2003|
|Edward J. Rohling Appointed President, Lodgian, Inc. / July 2005|