Choice Hotels International
SPRING, Md. (January 30, 2007) - Choice Hotels International (NYSE: CHH)
today announced that Joseph M. Squeri, president and chief operating officer,
is leaving the company and will pursue other professional opportunities.
Since joining the company in 1997 as vice president, finance and controller, Mr. Squeri has served in a number of positions of increasing scope and responsibility, including treasurer, chief financial officer, and executive vice president of operations.
"Joe made important contributions to the company during his tenure," said Charles A. Ledsinger, Jr., vice chairman and CEO. "I will miss working with him on a day-to-day basis, but I respect and support his desire to pursue other business interests at this point in his career."
"Choice has a high-caliber leadership team and incredible bench strength and depth in terms of management talent," said Ledsinger, who noted that Squeri's responsibilities will be allocated among the executive leadership team. "In addition, our exceptional financial strength, sound business strategies, and brand-centric structure further enhance our ability to leverage our core strengths and take advantage of opportunities for continued growth, innovation and leadership in the lodging industry."
Choice's new organizational structure, which became effective January
1, 2007, consists of brand-category management teams, which include the
company's upscale and extended stay market brands (Cambria Suites, MainStay
Suites and Suburban Extended Stay Hotels), mid-market brands (Comfort Inn,
Comfort Suites and Sleep Inn), full-service market brands and international
operations (Quality Inn, Clarion, Clarion Collection and the company's
international division), and the economy market brands (Econo Lodge and
|Also See:||New Corporate Organizational Structure at Choice Hotels International; Joseph M. Squeri Elected President and Chief Operating Officer / September 2006|
|Joseph M. Squeri Promoted to Choice Hotels' Executive Vice President, Operations, and Chief Financial Officer / May 2005|