LaSalle Hotel Properties Announces Election of New Board Member
Jeff Foland, Executive Vice President of United Airlines and President of Mileage Plus Holdings, LLC to Serve as Independent Trustee
BETHESDA, Md.--(BUSINESS WIRE)-- LaSalle Hotel Properties (LHO) today announced that Jeff Foland has been elected to the Companys Board of Trustees, effective January 25, 2012. Mr. Foland will also serve on the Companys Compensation Committee and Nominating and Governance Committee as an independent trustee.
We are excited to welcome Jeff Foland to our Board of Trustees, said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. We are confident that Jeffs knowledge and experience within the travel industry will serve us in achieving the Companys strategic objectives.
Jeff Foland currently serves as Executive Vice President of United Airlines and President of Mileage Plus Holdings, LLC. Jeff is responsible for all aspects of Uniteds loyalty programs and credit card business as well as media sales and external partnerships related to the loyalty program currency. Prior to his current role, Mr. Foland was responsible for Uniteds corporate strategy efforts and served as Senior Vice President of Worldwide Marketing and Sales at United. Before joining United in 2005, Mr. Foland served as a principal at ZS Associates, a global sales and marketing consulting firm. He was responsible for consulting in more than a dozen industries and led large-scale sales and marketing transformation initiatives.
Mr. Foland serves on the executive committee and board of trustees for Adler Planetarium and Astronomy Museum in Chicago, where he also chairs the marketing committee. He is on the board of directors of the Wings Club in New York, and was previously a board member at the National Business Travel Association and the Chicago Convention and Tourism Bureau. He holds a bachelors degree in mechanical engineering from Purdue University and a masters of business administration from the University of Michigan.
Krauthamer & Associates, a boutique executive search firm that provides recruitment services to a diverse client base in the United States and abroad, assisted the Companys Board in this search.
LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 37 upscale full-service hotels, totaling over 9,800 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group and Highgate Holdings.
LaSalle Hotel Properties
Bruce A. Riggins and Kenneth G. Fuller, LaSalle Hotel Properties (301) 941-1500
Source: LaSalle Hotel PropertiesCopyright Business Wire 2012