FelCor Lodging Trust Incorporated (NYSE: FCH), owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major urban and resort markets. FelCor partners with top hotel companies that operate its properties under globally recognized names and as premier independent hotels.
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|FelCor Announces Changes to Its Board of Directors|
Two Long Serving Directors Will Not Stand for Re-Election
Under the terms of this agreement, two distinguished and long-serving
"We appreciate Snow Park's constructive engagement and meaningful
contributions as we continue to strengthen corporate governance,
carefully manage G&A and make prudent capital allocation decisions,”
“Tom Corcoran is one of the industry's visionaries and will be missed at FelCor both personally and professionally,” said Mr. Hartung. “Tom has been, and continues to be, a mentor and example to many of us. His contributions to our company have been immense."
“We greatly appreciate Bob's many years of service to FelCor as a steward of our stockholders’ interests,” said Mr. Hartung. “He provided outstanding leadership during his tenure as Lead Director from 2010 to 2016, and has been a valuable contributor to the development of FelCor’s modern governance philosophy as Chairman of the Governance Committee.”
“Tom and Bob are outstanding directors who have served our stockholders with dedication and care for many years," Mr. Hartung continued. “We wish them well as they move on to other pursuits.”
FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major and resort markets throughout the U.S. FelCor partners with top hotel companies to operate its properties under globally renowned names and as premier independent hotels. Additional information can be found on the Company's website at www.felcor.com.
About Snow Park