Park Hotels & Resorts Announces Appointment of Terri McClements to Board of Directors

Rhea-AI Summary

Park Hotels & Resorts Inc. (PK) has appointed Terri D. McClements as a new independent director to its Board of Directors, bringing the total number of board members to ten, nine of whom are independent. Ms. McClements has a background in accounting, operational, and executive leadership roles, having spent over three decades at PricewaterhouseCoopers LLP (PwC). She retired as a partner in 2023 and most recently served as a Senior Consulting Partner, overseeing special projects and leading PwC's response to the Ukraine and COVID-19 crises. Park's Chairman and CEO, Thomas J. Baltimore, Jr., expressed excitement about Ms. McClements' appointment, highlighting her expertise in finance, strategy, and human capital matters.

TYSONS, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced the appointment of Terri D. McClements as a new independent director to its Board of Directors (the “Board”), effective immediately. With Ms. McClements’ appointment to the Board, the Board now has ten members, nine of whom are independent.

Ms. McClements is a seasoned business leader, having spent her career in accounting, operational and executive leadership roles. Ms. McClements, a licensed certified public accountant, retired in 2023 as a partner with PricewaterhouseCoopers LLP (“PwC”) where she spent over three decades in various roles. Most recently, Ms. McClements served as a Senior Consulting Partner from 2020 until her retirement where she led a portfolio of special projects involving business model transformation and oversaw PwC’s response to the Ukraine and COVID-19 crises. In her role, Ms. McClements also led PwC’s diversity, equity and inclusion initiatives.

“We are delighted to welcome Terri to our Board of Directors,” said Thomas J. Baltimore, Jr., Chairman and CEO of Park. “Terri brings deep expertise in finance, strategy and human capital matters. We believe her insights will be invaluable as we continue to execute on our strategic growth priorities.”

About Park Hotels & Resorts
Park is one of the largest publicly traded lodging REIT with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms located in prime city center and resort locations. Visit www.pkhotelsandresorts.com for more information.

For more information, contact:
Ian Weissman
Senior Vice President, Corporate Strategy
571-302-5591
iweissman@pkhotelsandresorts.com

For additional information or to receive press releases via e-mail, please visit our website at
www.pkhotelsandresorts.com

FAQ

What is the ticker symbol for Park Hotels & Resorts Inc.?

The ticker symbol for Park Hotels & Resorts Inc. is PK.

Who was appointed as a new independent director to the Board of Directors of Park Hotels & Resorts Inc.?

Terri D. McClements was appointed as a new independent director to the Board of Directors of Park Hotels & Resorts Inc.

What is Terri D. McClements' background?

Terri D. McClements has a background in accounting, operational, and executive leadership roles, having spent over three decades at PricewaterhouseCoopers LLP (PwC).

What was Terri D. McClements' role at PwC before her retirement?

Before her retirement, Terri D. McClements served as a Senior Consulting Partner at PricewaterhouseCoopers LLP (PwC), overseeing special projects and leading PwC's response to the Ukraine and COVID-19 crises.

How many members are there on the Board of Directors of Park Hotels & Resorts Inc.?

The Board of Directors of Park Hotels & Resorts Inc. now has ten members, nine of whom are independent.

What are Thomas J. Baltimore, Jr.'s thoughts on Terri D. McClements' appointment?

Thomas J. Baltimore, Jr., Chairman and CEO of Park Hotels & Resorts Inc., expressed excitement about Terri D. McClements' appointment, highlighting her expertise in finance, strategy, and human capital matters.