Sonder Holdings Inc. Appoints Michael Hughes as Chief Financial Officer
Sonder Holdings (NASDAQ: SOND) has appointed Michael Hughes as Chief Financial Officer, effective January 22, 2025. Hughes brings extensive experience in real estate and hospitality finance, most recently serving as CFO at Spirit Realty Capital, where he led a strategic transformation culminating in a $9.3 billion sale to Realty Income
Prior to this, Hughes held CFO and leadership positions at FelCor Lodging Trust and various finance roles at Wyndham Hotels & Resorts. He holds a Chartered Financial Analyst designation and is a member of the CFA Society of Dallas.
CEO Francis Davidson highlighted Hughes' experience in business transformations and operational discipline, noting that Sonder's integration with Marriott International is progressing well. The company has recently taken actions to strengthen its balance sheet and aims to advance core value drivers while increasing revenue and cost efficiency.
Sonder Holdings (NASDAQ: SOND) ha nominato Michael Hughes come Direttore Finanziario, con effetto dal 22 gennaio 2025. Hughes porta un'ampia esperienza nella finanza immobiliare e dell'ospitalità, avendo recentemente ricoperto il ruolo di CFO presso Spirit Realty Capital, dove ha guidato una trasformazione strategica culminata in una vendita di 9,3 miliardi di dollari a Realty Income.
Prima di questo, Hughes ha ricoperto posizioni di CFO e di leadership presso FelCor Lodging Trust e vari ruoli finanziari presso Wyndham Hotels & Resorts. Possiede la qualifica di Chartered Financial Analyst ed è membro della CFA Society di Dallas.
Il CEO Francis Davidson ha evidenziato l'esperienza di Hughes nelle trasformazioni aziendali e nella disciplina operativa, sottolineando che l'integrazione di Sonder con Marriott International sta procedendo bene. L'azienda ha recentemente intrapreso azioni per rafforzare il proprio bilancio e mira a far avanzare i driver di valore fondamentali, aumentando al contempo il fatturato e l'efficienza dei costi.
Sonder Holdings (NASDAQ: SOND) ha nombrado a Michael Hughes como Director Financiero, con efecto a partir del 22 de enero de 2025. Hughes aporta una amplia experiencia en finanzas inmobiliarias y de hospitalidad, habiendo sido CFO en Spirit Realty Capital, donde lideró una transformación estratégica que culminó en una venta de 9,3 mil millones de dólares a Realty Income.
Antes de esto, Hughes ocupó posiciones de CFO y de liderazgo en FelCor Lodging Trust y varios roles financieros en Wyndham Hotels & Resorts. Posee la designación de Chartered Financial Analyst y es miembro de la CFA Society de Dallas.
El CEO Francis Davidson destacó la experiencia de Hughes en transformaciones empresariales y disciplina operativa, señalando que la integración de Sonder con Marriott International está progresando bien. La compañía ha tomado recientemente medidas para fortalecer su balance y busca avanzar en los impulsores de valor fundamentales mientras aumenta los ingresos y la eficiencia de costos.
Sonder Holdings (NASDAQ: SOND)는 Michael Hughes를 최고재무책임자(CFO)로 임명했으며, 발효일은 2025년 1월 22일입니다. Hughes는 부동산 및 환대 금융 분야에서 폭넓은 경험을 보유하고 있으며, 최근 Spirit Realty Capital에서 CFO로 재직하면서 93억 달러 규모의 Realty Income에 대한 매각을 포함한 전략적 변화를 이끌었습니다.
그 이전에는 Hughes가 FelCor Lodging Trust에서 CFO 및 리더십 직책을 겸임했으며 Wyndham Hotels & Resorts에서 여러 금융 역할을 맡았습니다. 그는 공인재무분석가(Chartered Financial Analyst) 자격을 보유하고 있으며, 달라스 CFA 협회의 회원입니다.
CEO Francis Davidson은 Hughes의 사업 변화 및 운영 규율에 대한 경험을 강조하며, Sonder의 Marriott International과의 통합이 잘 진행되고 있다고 언급했습니다. 회사는 최근 재무 구조를 강화하기 위한 조치를 취했으며, 핵심 가치 요소를 강화하고 매출과 비용 효율성을 높이는 것을 목표로 하고 있습니다.
Sonder Holdings (NASDAQ: SOND) a nommé Michael Hughes au poste de Directeur Financier, avec effet au 22 janvier 2025. Hughes apporte une vaste expérience dans le domaine de la finance immobilière et hôtelière, ayant récemment été CFO chez Spirit Realty Capital, où il a mené une transformation stratégique aboutissant à une vente de 9,3 milliards de dollars à Realty Income.
Avant cela, Hughes a occupé des postes de CFO et de direction chez FelCor Lodging Trust et a occupé plusieurs rôles financiers chez Wyndham Hotels & Resorts. Il est titulaire de la désignation de Chartered Financial Analyst et est membre de la CFA Society de Dallas.
Le PDG Francis Davidson a souligné l'expérience de Hughes en matière de transformations commerciales et de discipline opérationnelle, notant que l'intégration de Sonder avec Marriott International progresse bien. L'entreprise a récemment pris des mesures pour renforcer son bilan et vise à faire avancer les moteurs de valeur fondamentaux tout en augmentant ses revenus et son efficacité en matière de coûts.
Sonder Holdings (NASDAQ: SOND) hat Michael Hughes zum Chief Financial Officer ernannt, der am 22. Januar 2025 in Kraft treten wird. Hughes bringt umfassende Erfahrung in der Immobilien- und Gastgewerbefinanzierung mit und war zuletzt CFO bei Spirit Realty Capital, wo er eine strategische Transformation leitete, die in einem Verkauf von 9,3 Milliarden Dollar an Realty Income gipfelte.
Vor dieser Position hatte Hughes CFO- und Führungspositionen bei FelCor Lodging Trust inne und arbeitete in verschiedenen Finanzrollen bei Wyndham Hotels & Resorts. Er besitzt die Qualifikation des Chartered Financial Analyst und ist Mitglied der CFA Society von Dallas.
CEO Francis Davidson hob Hughes' Erfahrung in der Geschäftstransformation und operativen Disziplin hervor und stellte fest, dass die Integration von Sonder mit Marriott International gut vorankommt. Das Unternehmen hat kürzlich Maßnahmen ergriffen, um seine Bilanz zu stärken, und strebt an, die wesentlichen Werttreiber voranzubringen, während es Umsatz und Kosteneffizienz erhöht.
- Appointment of experienced CFO with proven track record in real estate and hospitality sectors
- New CFO's expertise in business transformations and operational discipline
- Progress in Marriott International integration
- Recent balance sheet strengthening initiatives
- None.
Mr. Hughes is an experienced operations and finance leader within real estate and hospitality. He was most recently the Chief Financial Officer of Spirit Realty Capital, Inc., a real estate investment trust, where he helped lead the organization’s multi-year strategic transformation and subsequent
Francis Davidson, Co-Founder and CEO of Sonder, said, “I am thrilled to have Michael join Sonder as our next CFO. Michael comes to us with significant experience implementing business transformations and driving operational discipline from his leadership roles at companies in our sector. Our integration efforts with Marriott International are progressing very well and with the recent actions we have taken to significantly strengthen our balance sheet, Michael’s proven expertise will be immediately additive to the work we are doing to unlock opportunities to advance our core value drivers and generate increased revenue and cost efficiency. I also want to thank our entire finance team for their hard work during this interim period to ensure this transition is a success.”
Hughes said, “I am excited by the opportunity to join such a unique and innovative brand. I look forward to working closely with Francis and the team to help advance the important initiatives underway and drive greater value for all our stakeholders.”
About Sonder
Sonder (NASDAQ: SOND) is a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler. Launched in 2014, Sonder offers inspiring, thoughtfully designed accommodations and innovative, tech-enabled service combined into one seamless experience. Sonder properties are found in prime locations in over 40 markets, spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.
To learn more, visit www.sonder.com or follow Sonder on Instagram, LinkedIn or X.
Download the Sonder app on Apple or Google Play.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations or beliefs, as well as assumptions about future events. Forward-looking statements include all statements that are not historical facts and can generally be identified by terms such as “could,” "estimate," “expect,” “intend,” “may,” “plan,” "potentially," or “will” or similar expressions and the negatives of those terms. These statements include, but are not limited to, statements relating to the Company’s operational and strategic initiatives, and the experience of Sonder’s leadership team. Actual results could differ materially from those expressed in or implied by the forward-looking statements due to a number of risks and uncertainties, including the risks and uncertainties described in the Company’s reports filed with the Securities and Exchange Commission, and under the heading “Risk Factors” in its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, which are available at www.sec.gov. The forward-looking statements contained herein are only as of the date of this press release. Except as required by law, the Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this press release.
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Source: Sonder Holdings Inc.
FAQ
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