|ATLANTA, Ga., November 25, 2003 — Lodgian, Inc.
(AMEX: LGN and LGN.pr), one of the nation’s largest independent owners
and operators of full-service hotels, today announced that it has promoted
Linda B. Philp to vice president, chief accounting officer, and Deborah
N. Ethridge to vice president, finance and investor relations.
Philp will continue to serve as the company’s treasurer. In her new position, she will be responsible for all of the company’s financial accounting and reporting, treasury and insurance functions. Previously, she served as Lodgian’s vice president and treasurer. Prior to joining Lodgian, she served as an independent consultant to the company during its restructuring. She is a former director of finance for the Campbell Sales Company (Campbell Soup), a division finance manager for Pizza Hut, and held strategic planning, logistics and marketing positions at Kraft General Foods. She previously worked at PricewaterhouseCoopers in southern California.
She holds an MBA with a concentration in finance and a BBA with majors in accounting and finance from the University of Wisconsin-Madison and is a Certified Public Accountant in the state of California.
“Linda’s experience with multi-unit hospitality operations and her public accounting background have helped us immensely during our reorganization, and she has played an important role at Lodgian in the planning of our return to profitability,” said Thomas Parrington, Lodgian’s president and chief executive officer. “She will oversee our sophisticated property-level accounting systems, using that data to help better manage our business, which will play an important role in our future growth as the hotel economy begins to show signs of improvement.”
Ethridge will oversee the company’s financing and investor relations activities. She joined the company in 2001, and most recently was vice president, strategic planning. Prior to joining Lodgian, she was with InterContinental Hotels Group, where she was promoted to positions of increasing responsibility, leaving as manager of business planning, strategic services. Previously she was with the public accounting firm of PricewaterhouseCoopers.
Ethridge holds an MBA with a concentration in finance from Emory University and a BBA in accounting from Georgia State University. She is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants and the Georgia Society of Certified Public Accountants.
“Debi’s background in the hotel industry and public accounting, coupled with her experience in finance, financial analysis and strategic planning, brings added depth to Lodgian’s senior management team,” Parrington said. “Her new responsibilities reflect the successful work she completed to help Lodgian in its turn-around process.”
Lodgian is one of the largest independent owners and operators of full-service hotels in the United States. The company currently manages a portfolio of 96 hotels with 18,167 rooms located in 30 states and Canada.
This press release includes forward-looking statements related to Lodgian’s operations that are based on management’s current expectations, estimates and projections.
Executive Vice President & Chief Financial Officer
|Also See:||Lodgian Names W. Thomas Parrington President and CEO / July 2003|