Close

Cart

Total $0.00

Checkout

ROCKVILLE, Md., May 25, 2016 -- Choice Hotels International, Inc. (NYSE: CHH) ("Choice Hotels"), today announced the promotion of two executives and a planned transition of the chief financial officer position. Chief Operating Officer Patrick S. Pacious has been promoted to President and Chief Operating Officer. In this expanded position, Patrick will assume a greater role in operational and strategic leadership of the Company as well as global development. The title of President recognizes Mr. Pacious' growing oversight of the Company's business and reflects the integral role he plays within the Executive Management Team.

The Company also announced that Scott E. Oaksmith has been promoted to Senior Vice President, Finance and Chief Accounting Officer. Mr. Oaksmith has worked within the Company's financial organization for over 14 years, most recently serving as Controller where he oversaw a large portion of Choice Hotels' accounting and financial reporting operations including SEC disclosure and accounting, planning and analysis and treasury operations.

Stephen P. Joyce, Chief Executive Officer said, "Pat has proven to be an exceptional leader and one of the best operations executives I've worked with. His innovative thinking and vision will continue to enhance the strategic direction, growth, and profitability of our company. We're also proud to promote Scott, who has contributed significantly to the growth of our financial function."

Patrick Pacious, President and Chief Operating Officer said, "I'm honored to receive this promotion and excited about the significant potential ahead for our company. I look forward to continuing to work closely with Steve and the rest of the management team to continue to grow our business and increase the value proposition for our franchisees and guests."

Mr. Pacious has worked at Choice Hotels for over a decade and has held leadership roles in the areas of strategic planning, corporate development, operations, distribution, technology and innovation. As COO, he has overseen reservations delivery across all channels, brand management, marketing, franchise services, information technology, revenue management, performance analytics, loyalty and relationship marketing, and international operations. Previously, he spent more than nine years in senior consulting positions with BearingPoint and Arthur Andersen focused on the hospitality sector. He earned a master's degree in business administration from the Kellogg Graduate School of Management at Northwestern University and a bachelor's degree from Duke University. Mr. Pacious is a former U.S. Navy officer, serving from 1987 to 1993.

The Company also announced that David L. White will be transitioning from the company and will pursue other professional opportunities. Mr. White will step down as CFO on June 3rd but will remain with the company to assist with the CFO transition prior to his planned departure before the end of 2016. Since joining Choice in 2002 as Vice President, Financial Reporting, he has served in a number of positions of increasing scope and responsibility, including controller, treasurer and, since 2006, CFO.  Scott Oaksmith will oversee the finance team during the upcoming CFO transition.

Mr. Joyce stated, "On behalf of the entire company and the Board of Directors, we thank Dave for his leadership, significant contributions and outstanding commitment to Choice Hotels over the many years he has been with the company. He has been instrumental in helping the company achieve many of our key successes and a key steward and strategist behind our strong financial performance. We are pleased to continue benefiting from his guidance during the transition period and we wish him all the best in his future endeavors." Mr. Joyce continued, "I am extremely confident in Scott's ability to lead the finance organization until a new CFO is appointed." 

"I thank my colleagues at Choice. It has been a pleasure to work with one of the best teams in the industry," said Mr. White. "I have thoroughly enjoyed our spirit of innovation, our teamwork, and our many successes."

Choice Hotels has hired Spencer Stuart to conduct an executive search for a permanent CFO successor. 

About Choice Hotels

Choice Hotels International, Inc.® (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,400 hotels franchised in more than 40 countries and territories, we represent more than 500,000 rooms around the globe. As of March 31, 2016, 685 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn® and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. With more than 26 million members and counting, our Choice Privileges® rewards program enhances every trip a guest takes, with benefits ranging from instant, every day rewards to exceptional experiences, starting right when they join.  All hotels and vacation rentals are independently owned and operated. Visit us at www.choicehotels.com for more information.

Contact: Scott Carman, Director, Public Relations

scott_carman@choicehotels.com / 301-592-6361

Related News

Choice's Board of Directors Appoints Patrick Pacious as President and CEO Succeeding CEO Stephen Joyce

Choice Partners with Seaview Inn for Opening of Cambria Hotel in Newport, Rhode Island

Choice Hotels Partners with Weintraub Real Estate Group to Develop New Cambria Hotel in Calabasas, California

Choice Hotels Reports Q1 2017 Net Income of $28.7 Million Compared to $21.2 Million Q1 2016

Choice Hotels Comfort Hotel Brand Embarks on Aggressive U.S. Growth with 56 Properties Opening in 2017

enVision Hotel Management Debuts enVision Hotel Boston-Everett, the City's First Hotel in Seven Decades

Choice Hotels Honors its Top Hoteliers with the 2017 Platinum and Gold Hospitality Awards

Lieben Group, LP, Nivea Hospitality and Choice Hotels Open Doors to New Prototype Sleep Inn Hotel in Galion, Ohio

Choice Hotels Appoints Dominic Dragisich as Chief Financial Officer

Choice Hotels Reports Q4 Net Income of $31.8 million and $139.4 million for Full Year; Q4 Domestic RevPAR Increased 5%

Choice Hotels Appoints Brian Quinn Vice President of Franchise Development

Choice Hotels Signs Development Agreement with GVK Enterprises for Five Hotels in Greece

Travel is Worth It: Choice Hotels Reveals 2017 Travel Outlook

Choice Hotels Reports Q3 2016 Net Income of $47.6 million, a 15% Increase Over 2015; Domestic RevPAR Up 4.5%

Choice Hotels Reports Q2 2016 Net Income of $38.8 million Compared to $35.8 million in Same Period 2015

Summer Travel Spotlight: What to Expect from American Travelers this Season

Choice Hotels' Sleep Inn Brand Unveils Latest Evolution of Prototype

Choice Hotels International Reports First Quarter 2016 Results; Domestic RevPAR up 1.2%

Choice Hotels International Reports Fourth Quarter and Full Year 2015 Results; Domestic RevPAR up 4.3%

Out With the Old And In With the New Year: Choice Hotels Reveals 2016 American Travel Outlook

All News »

Please login or register to post a comment.