14.02.2006 19:45:00
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Choice Hotels Elects David Sullivan and William Jews to Board of Directors
"We are extremely pleased to have David Sullivan join our boardand Bill Jews return to our board," said Charles A. Ledsinger, Jr.,president and chief executive officer. "David's comprehensiveknowledge of the travel industry and emerging technologies will be avaluable resource to our board leadership, as will his impressivestature in the hotel franchising community. In addition, Bill'sexperience as an accomplished business leader and an active member ofthe community will be extremely beneficial as we continue to grow ourbrands and further establish Choice as a leading hotel franchisecompany."
Mr. Sullivan has more than 35 years' experience in the hospitalityand travel industry and currently serves as chairman of the advisoryboard for the Kemmons Wilson School of Hospitality and ResortManagement at the University of Memphis. He began his career with IBMand later joined American Express, where he eventually served as vicepresident and general manager for Europe and then Mexico. Following 15years at Holiday Inn as senior vice president, administration, withresponsibility for reservations, marketing, worldwide sales andfranchising, he was named executive vice president and chief operatingofficer for Promus Hotel Corporation, holding day-to-dayresponsibility for the operations of more than 1,000 Hampton Inn,Homewood Suites and Embassy Suites hotels. From 1997 to 2003, Sullivanserved as chairman and chief executive officer of ResortQuestInternational, an online booking service that he co-founded.
Sullivan succeeds Raymond E. Schultz (71), who will retire fromthe Choice board following the May 2006 meeting. Schultz, who joinedthe Choice board in 1999, is chairman of RES Investments, LLC.
Ledsinger added, "We salute Ray Schultz for the many contributionshe has made to Choice as a board member. We will miss his wisdom andguidance, which have been invaluable to the company, and we wish himall the best when he retires in May."
Mr. Jews previously served on Choice's board from May 2000 to May2005. In addition to his position as president and chief executiveofficer of CareFirst BlueCross BlueShield, he also serves as presidentand chief executive officer of two operating affiliates -- CareFirstof Maryland, Inc. and Group Hospitalization and Medical Services,Inc., in Washington, D.C. -- and is chief executive officer of a thirdaffiliate, Blue Cross Blue Shield of Delaware.
Jews was named president and chief executive officer of the formerBlue Cross and Blue Shield of Maryland in April 1993 at a time whenthe company faced severe financial and operational difficulties. TheBlue Cross and Blue Shield Association at the time ranked the Marylandplan at or near the bottom on such measures as financial strength andcustomer service. Under his leadership, the company's standing amongother Blue Cross and Blue Shield plans, as well as its competitiveposition in the Mid-Atlantic market, has improved dramatically.
About Choice Hotels International
Choice Hotels International is one of the world's largest lodgingfranchisors, marketing more than 5,000 hotels open or underdevelopment in more than 40 countries under the Cambria Suites,Clarion, Quality, Comfort Suites, Comfort Inn, Sleep Inn, MainStaySuites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Innbrand names. For more information on Choice, visit the company's website at www.choicehotels.com.
Choice Hotels, Choice Hotels International, Cambria Suites,Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, MainStaySuites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn areproprietary trademarks and service marks of Choice HotelsInternational.
(C) 2006 Choice Hotels International, Inc. All rights reserved.
Certain matters discussed in this press release may constituteforward-looking statements within the meaning of the federalsecurities law. Such statements are based on management's beliefs,assumptions and expectations, which in turn are based on informationcurrently available to management. Actual performance and resultscould differ from those expressed or contemplated by theforward-looking statements due to a number of risks, uncertainties andother factors, many of which are beyond Choice's ability to predict orcontrol. For further information on factors that could impact Choiceand the statements contained herein, we refer you to the filings madeby Choice with the Securities and Exchange Commission, including itsregistration statement on Form S-4 and report on Form 10-K for theyear ended December 31, 2004.
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