RLJ Lodging Trust Announces Retirement of Chief Financial Officer
RLJ Lodging Trust (NYSE: RLJ) has announced that Executive Vice President and Chief Financial Officer Sean M. Mahoney will retire in May after seven years with the company. Mahoney's career spans over 30 years, including more than 20 years in the hospitality REIT industry.
President and CEO Leslie D. Hale acknowledged Mahoney's instrumental role during a pivotal transformation period for RLJ's portfolio. Under his leadership, the company has maintained a strong balance sheet and built a solid finance team. Mahoney will continue serving as CFO until May to ensure a smooth transition and will remain available as an advisor afterward. The company has initiated a succession process and will provide updates upon completion.
RLJ Lodging Trust (NYSE: RLJ) ha annunciato che il Vice Presidente Esecutivo e Direttore Finanziario Sean M. Mahoney si ritirerà a maggio dopo sette anni con l'azienda. La carriera di Mahoney si estende per oltre 30 anni, di cui più di 20 nel settore degli REIT nel settore dell'ospitalità.
Il Presidente e CEO Leslie D. Hale ha riconosciuto il ruolo fondamentale di Mahoney durante un periodo di trasformazione cruciale per il portafoglio di RLJ. Sotto la sua guida, l'azienda ha mantenuto un bilancio solido e ha costruito un team finanziario competente. Mahoney continuerà a svolgere il ruolo di CFO fino a maggio per garantire una transizione fluida e rimarrà disponibile come consulente in seguito. L'azienda ha avviato un processo di successione e fornirà aggiornamenti al termine.
RLJ Lodging Trust (NYSE: RLJ) ha anunciado que el Vicepresidente Ejecutivo y Director Financiero Sean M. Mahoney se retirará en mayo después de siete años con la empresa. La carrera de Mahoney abarca más de 30 años, incluyendo más de 20 años en la industria de REIT de hospitalidad.
La Presidenta y CEO Leslie D. Hale reconoció el papel fundamental de Mahoney durante un periodo de transformación clave para la cartera de RLJ. Bajo su liderazgo, la empresa ha mantenido un balance sólido y ha construido un equipo financiero sólido. Mahoney continuará desempeñando su función como CFO hasta mayo para garantizar una transición fluida y estará disponible como asesor después. La empresa ha iniciado un proceso de sucesión y proporcionará actualizaciones al finalizar.
RLJ Lodging Trust (NYSE: RLJ)는 부사장 겸 최고 재무 책임자( CFO)인 Sean M. Mahoney가 회사에서 7년을 보낸 후 5월에 은퇴할 것이라고 발표했습니다. Mahoney의 경력은 30년 이상에 걸쳐 있으며, 그 중 20년 이상은 환대 REIT 산업에서 활동했습니다.
회장 겸 CEO인 Leslie D. Hale은 RLJ 포트폴리오의 중대한 변화 기간 동안 Mahoney의 중요한 역할을 인정했습니다. 그의 리더십 아래, 회사는 강력한 재무 상태를 유지하고 탄탄한 재무 팀을 구축했습니다. Mahoney는 5월까지 CFO로 계속 근무하여 원활한 전환을 보장하고, 이후에는 고문으로서 계속 지원할 것입니다. 회사는 후계자 선정 과정을 시작했으며 완료 후 업데이트를 제공할 것입니다.
RLJ Lodging Trust (NYSE: RLJ) a annoncé que le Vice-Président Exécutif et Directeur Financier Sean M. Mahoney prendra sa retraite en mai après sept ans au sein de l'entreprise. La carrière de Mahoney s'étend sur plus de 30 ans, dont plus de 20 ans dans l'industrie des REIT hôteliers.
La Présidente et CEO Leslie D. Hale a reconnu le rôle essentiel de Mahoney pendant une période de transformation cruciale pour le portefeuille de RLJ. Sous sa direction, l'entreprise a maintenu un bilan solide et a constitué une équipe financière compétente. Mahoney continuera à servir en tant que CFO jusqu'en mai pour assurer une transition en douceur et restera disponible en tant que conseiller par la suite. L'entreprise a lancé un processus de succession et fournira des mises à jour à l'issue de celui-ci.
RLJ Lodging Trust (NYSE: RLJ) hat angekündigt, dass der Executive Vice President und Chief Financial Officer Sean M. Mahoney im Mai nach sieben Jahren im Unternehmen in den Ruhestand gehen wird. Mahoneys Karriere erstreckt sich über mehr als 30 Jahre, darunter mehr als 20 Jahre in der Hospitality-REIT-Branche.
Präsident und CEO Leslie D. Hale erkannte Mahoneys entscheidende Rolle während einer entscheidenden Transformationsphase für das Portfolio von RLJ an. Unter seiner Leitung hat das Unternehmen eine starke Bilanz aufrechterhalten und ein solides Finanzteam aufgebaut. Mahoney wird bis Mai weiterhin als CFO tätig sein, um einen reibungslosen Übergang zu gewährleisten, und wird danach als Berater zur Verfügung stehen. Das Unternehmen hat einen Nachfolgeprozess eingeleitet und wird nach Abschluss Updates bereitstellen.
- Strong balance sheet maintained under CFO leadership
- Orderly transition process with continued advisory support
- Loss of experienced CFO with 20+ years of hospitality REIT expertise
- Potential disruption during leadership transition period
“On behalf of the Board of Trustees and the entire RLJ team, I want to thank Sean for his invaluable contributions during his tenure,” said Leslie D. Hale, President and Chief Executive Officer of the Company. “Sean has been a great partner and valued member of our management team. He joined RLJ at a pivotal time as we were transforming and repositioning our portfolio and was instrumental to our success. Additionally, thanks to Sean’s leadership, our balance sheet is strong, we have a solid finance team, and we are well-positioned for the future. We wish Sean happiness in his much-deserved retirement.”
“It has been a great pleasure to be a part of the RLJ team for the last seven years and I am incredibly proud of all that we have accomplished together,” said Mr. Mahoney. “After many gratifying years in the hospitality REIT industry, I look forward to spending more time with my family and pursuing outside interests. I wish the Company and my colleagues the very best for the future and am confident that the Company is in good hands.”
To ensure a smooth transition, Mr. Mahoney will continue to serve as the Company’s Chief Financial Officer until his departure in May and will actively support the Company’s transition plan. Afterward, he will remain available as an advisor as needed. The Company has a succession process underway and will provide an update once it has concluded.
About RLJ
RLJ Lodging Trust ("RLJ") is a self-advised, publicly traded real estate investment trust that owns premium-branded, rooms-oriented, high-margin, urban-centric hotels located within the heart of demand locations. Our hotels are geographically diverse and concentrated in major urban markets that provide multiple demand generators from business, leisure, and other travelers.
Forward-Looking Statements
This press release contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, that are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the use of the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “will,” “will continue,” “intend,” “should,” “may,” or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance on these forward-looking statements and urges investors to carefully review the disclosures the Company makes concerning risks and uncertainties in the sections entitled “Risk Factors,” “Forward-Looking Statements,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as well as risks, uncertainties and other factors discussed in other documents filed by the Company with the Securities and Exchange Commission.
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https://www.rljlodgingtrust.com
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Leslie D. Hale, President and Chief Executive Officer – (301) 280-7777
Source: RLJ Lodging Trust
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