| BEVERLY HILLS, Calif. - Nov. 2, 1999 - Hilton Hotels Corp. (NYSE:HLT)
Tuesday announced plans for a new senior management organizational structure
reflecting the company�s pending acquisition of Promus Hotel Corp. (NYSE:PRH).
The new structure will take effect immediately upon closing of the acquisition,
scheduled for Nov. 30 subject to shareholder approval. The following corporate
appointments and titles were announced by Hilton President and Chief Executive
Officer Stephen F. Bollenbach.
Reporting directly to Bollenbach will be the following executives:
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Thomas E. Gallagher, Hilton�s current executive vice president and chief
administrative officer and chief counsel. Gallagher, 54, oversees the company�s
legal, human resources and strategic planning functions.
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Matthew J. Hart, Hilton�s current executive vice president and chief financial
officer. Hart, 47, will continue to direct Hilton�s finance, treasury,
full-service hotel development and architecture/construction areas, as
well as its asset-management function.
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Dieter H. Huckestein, executive vice president, hotel operations. Huckestein,
55, continues to oversee the company�s full-service hotel business including
operations, sales and marketing, reservations, purchasing and operations
finance.
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Thomas L. Keltner, who will join Hilton from Promus as executive vice president
- franchise hotel group. Keltner, 53, will have brand management responsibilities
for the Embassy Suites, Hampton Inn and Homewood Suites brands, as well
as directing franchising efforts across all of the company�s brands. Additionally,
he will oversee company-managed Hampton Inns, Homewood Suites and RFS.
He will remain based in Memphis, Tenn.
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Marc A. Grossman, 43, Hilton�s current senior vice president for corporate
affairs, who will continue directing the company�s corporate communications,
investor relations, public affairs, community relations and internal-communications
efforts.
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James T. Harvey, who will join Hilton from Promus as senior vice president
and chief information officer. Harvey, 41, will oversee Hilton�s technology
systems and emerging e-commerce initiatives and remain based in Memphis.
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Dorothy Hayden-Watkins, Hilton�s current senior vice president - diversity.
Hayden-Watkins, 54, will continue to direct all of the company�s diversity
efforts.
Within full-service hotel operations, the following executive appointments
were announced:
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Stevan D. Porter joins Hilton from Promus as senior vice president of hotel
operations. Porter, 45, will have specific operational responsibility for
full-service, owned and managed Embassy Suites, Doubletree, Red Lion and
selected Hilton hotels, as well as Harrison Conference Centers and University
hotels. Porter will relocate from Memphis to Hilton corporate headquarters
in Beverly Hills and will report to Huckestein.
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Hilmar A. Rosenast, 61, senior vice president of hotel operations, who
will have operational responsibility for major full-service owned Hilton
hotels, reporting to Huckestein.
Within the franchise hotel group, James R. Abrahamson, 44, senior vice
president - franchising, will have responsibility for franchising efforts
for all of the branded products. He will continue to be based in Beverly
Hills, and will report to Keltner.
�When we began the integration process, it was our goal to create the
best organization possible utilizing the talents of executives from both
Hilton and Promus, and we are well on our way to accomplishing that goal
through this initial set of executive appointments,� Bollenbach said. �We
are pleased to have these outstanding Promus managers and several of their
colleagues join the Hilton team. I am confident that we have put a team
in place that has skills and experience that are second to none in our
industry.�
| Stephen F. Bollenbach was named
president and chief executive officer of Hilton Hotels in February 1996.
He also serves as chairman of Park Place Entertainment Corp., the company
created in January 1999 with the completion of the spin-off of Hilton�s
gaming operations. He sits on the board of directors for both companies.
Previously, Bollenbach was senior executive vice president and chief financial
officer of the Walt Disney Co., where he was instrumental in the execution
of that company�s $19 billion acquisition of ABC/Capital Cities. Prior
to joining Disney, he was president and chief executive officer of Host
Marriott Corp., an organization he helped create in 1993 by leading an
innovative restructuring of the Marriott Corp. resulting in two companies:
Host Marriott and Marriott International.
Bollenbach has also held key financial positions at the Trump Organization,
Holiday Corp. and Southwest Savings and Loan Association. Bollenbach also
sits on the boards of Catellus Corp., Kmart Corp., Time Warner Inc. and
Hilton Group PLC, the parent company of Hilton International, owner of
the Hilton name outside the United States. |
| Thomas E. Gallagher became executive
vice president and general counsel for Hilton Hotels in July 1997 and was
named chief administrative officer in May 1999. Prior to joining Hilton,
Gallagher was president and chief executive officer of The Griffin Group
Inc., the investment and management firm for all of Merv Griffin�s business
activities, including hotel, entertainment, media and gaming operations
and investments. Gallagher also supervised the company�s ownership
interests in two publicly traded gaming companies. During 1995-1996, he
served as president and chief executive officer of Griffin Gaming Entertainment
Inc. (formerly Resorts International Inc.) and was a member of the board
of directors and chairman of its executive committee.
Prior to joining the Griffin organization, Gallagher practiced law with
the law firm Gibson, Dunn Crutcher, specializing in corporate finance,
mergers, acquisitions, restructurings and international transactions. |
| Matthew J. Hart was named executive
vice president and chief financial officer of Hilton Hotels in May 1996.
Prior to joining Hilton, Hart was senior vice president and treasurer for
the Walt Disney Co., where he was responsible for the company�s corporate
and project financing activities. Before joining Disney, he was executive
vice president and chief financial officer for Host Marriott Corp. He also
held various financial positions at Marriott Corp. including senior vice
president and treasurer. Hart has also been a lending officer with Bankers
Trust Co. in New York. He is on the board of directors of First Washington
Realty Trust and Kilroy Realty Corp. |
| Dieter H. Huckestein was named
executive vice president and president - hotel operations in May 1994.
He also serves as a member of the board of directors for the company. A
30-year veteran of the hospitality industry, Huckestein has extensive experience
in all aspects of hotel operations both within the United States and internationally.
Before joining Hilton in 1988, he served in various management roles
with Hilton International, Americana Hotels, Intercontinental Hotels and
leading hotels in Europe. Huckestein is a member of the board of directors
for the USA National Tourism Organization and the American Hotel Motel
Association Educational Institute. He is also a member of the Travel Business
Roundtable and World Tourism Organization. |
| Thomas L. Keltner is currently
president - Brand Performance and Development Group at Promus Hotel Corp.,
where he is responsible for all aspects of brand management for the Doubletree
Hotels and Suites, Embassy Suites, Hampton Inn, Hampton Inn Suites and
Homewood Suites including performance, quality standards, marketing, sales,
reservations and franchise support.
He also directs all development activities for both company-owned and
franchised properties for all company brands. Previously, Keltner served
as executive vice president and chief development officer for the company.
Before joining Promus, he was senior vice president and chief operating
officer of the franchise division of Holiday Inn Worldwide. He also served
as president and managing director of Holiday Inns International in Brussels,
Belgium. |
| Marc A. Grossman was named senior
vice president - corporate affairs at Hilton Hotels in September 1994.
Previously he served as the company�s vice president - corporate communications
and vice president - communications for Hilton�s gaming division.
Prior to joining Hilton, Grossman was senior vice president with the
public relations firm of Burson-Marsteller, where he directed corporate
and public affairs programs for the agency�s West Coast clients.
He was previously a vice president with Fleishman-Hillard Inc. in New York
and was vice president - communications for the 1982 World�s Fair in Knoxville,
Tenn. He serves on the board of directors of Special Olympics of Southern
California and on the liaison committee of the Los Angeles Business Advisors. |
| James T. "Tim" Harvey currently
serves as chief information officer and executive vice president for Promus
Hotel Corp. A 19-year employee, Harvey has extensive experience in providing
technology solutions that support owned, managed and franchised hotels.
Harvey first joined Holiday Inns in 1980 as an intern. He later worked
as senior programmer/analyst, project manager, manager - Systems Development
and as director - Business Systems Development. After Holiday Inns were
sold to Bass PLC, Harvey joined the newly created Promus Companies and
soon was named corporate director - Hotel and Corporate Information Systems.
He was named vice president and chief information officer for Promus Hotel
Corp. in 1995 and assumed his current position in February 1999. |
| Dorothy Hayden-Watkins joined Hilton
Hotels as senior vice president - diversity in November 1998. Prior to
joining Hilton, Hayden-Watkins served as director, U.S. Equal Employment
Opportunity Commission for the Cleveland District Office in Ohio.
She also served in the same capacity at the Los Angeles District Office.
She has also served as the director of the Colorado Civil Rights Commission
and as an educator and administrator in public school districts in Colorado
and Nebraska. Hayden-Watkins�s work in education, civil rights and equal
opportunity spans more than 25 years. Most recently she was part
of President Clinton�s Government Reinvention Initiative leading The Cleveland
district in implementing the U.S. Equal Employment Opportunity Commission�s
initiatives which reflect Vice President Al Gore�s National Performance
Review Recommendations. She also participated on the White House Conference
on the President�s Welfare to Work Initiative. |
| Stevan D. Porter is currently executive
vice president, operations for Promus Hotel Corp., where he oversees the
management of more than 40,000 employees and nearly 350 hotels. Previously
he served as senior vice president - operations for the company�s full-service
managed properties. He also served as vice president - operations and vice
president - marketing for Embassy Suites Inc.
He has held various other senior marketing positions with Embassy Suites.
Porter began his hospitality career with Stouffer Hotels, where he served
in a number of wide-ranging positions including chef de partie, rooms executive,
assistant general manager. He also worked as a product manager and hospital
administrator for Healthcare International in Austin, Texas. |
| Hilmar A. Rosenast first joined
Hilton Hotels Corp. in 1965 serving in numerous finance positions. He has
since held several operational positions, being named senior vice president
in 1982. Prior to joining Hilton, Rosenast was a business owner in Africa.
Before relocating to Africa, Rosenast served in various financial positions
at major corporations including Siemens AG and Unilever NV in his native
Switzerland. |
| James R. Abrahamson was named senior
vice president - franchising and select hotels for Hilton Hotels Corp.
and executive vice president Hilton Inns Inc. in December 1994. He is responsible
for Hilton�s franchise operations, consisting of more than 230 hotels nationwide.
He has also supervised the widespread roll-out of the company�s mid-scale
product line of Hilton Garden Inn hotels which was introduced in 1996.
Abrahamson joined Hilton in 1988 as director - operations for Hilton
Suites and was promoted to vice president - operations in 1990. From 1991-1994,
he served as vice president - hotels. A 20-year veteran of the hospitality
industry, Abrahamson began his career with Embassy Suites and Holiday Inns. |
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