Upon the recommendation of the Nominating and Corporate Governance Committee
, our Board of Directors has considered and nominated each of the following nominees for a one-year term expiring in 2016 or until his successor is duly elected and qualified: Glenn Alba, Alan J. Bowers, Henry G. Cisneros, Giovanni Cutaia, Wayne B. Goldberg, Brian Kim, Michael B. Nash, Mitesh B. Shah
and Gary M. Sumers.
Mitesh B. Shah
Mitesh B. Shah has served on the boards of directors of certain of our Predecessor Entities since 2013 and on our Board of Directors since February 2014.
Mr. Shah currently serves as Chief Executive Officer and Senior Managing Principal of Noble Investment Group, which he founded in 1993 and which specializes in making opportunistic investments in the lodging and hospitality real estate sector.
Mr. Shah currently serves as president of the Marriott International North America franchise board, is a member of the owner and franchise board for Hyatt Hotels Corporation and is a member of the Industry Real Estate Finance Advisory Council of the American Hotel and Lodging Association.
Mr. Shah most recently served as Vice Chairman and executive committee member of the Board of Trustees of Wake Forest University, where he chaired the audit, compliance and risk committee and the nominating committee and was a member of the compensation committee and the Medical Center board.
In addition, he is an executive committee member of Woodward Academy’s governing board and a trustee of the University System of Georgia Foundation.
Mr. Shah holds a Bachelor of Arts in Economics from Wake Forest University.
Alba, Bowers, Cisneros, Cutaia, Kim, Nash, Shah
and Sumers is independent under the guidelines for director independence set forth in the
Bowers, Cisneros and Shah
is “independent” for purposes of Section 10A(m)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that each of Messrs.
and Sumers is “independent” for purposes of Section 10C(a)(3) of the Exchange Act.
Bowers, Cisneros, Shah
and Sumers were recommended by Blackstone
and our management.
Mr. Shah—his experience with investing in the lodging and hospitality real estate sector and his significant experience in the hospitality industry, including with respect to franchising.
Our Board of Directors is led by Mr. Shah, our Chairperson.
The Chief Executive Officer position is separate from the Chairperson position.
We believe that the separation of the Chairperson and Chief Executive Officer positions is appropriate corporate governance for us at this time.
Accordingly, Mr. Shah serves as Chairperson, while Mr. Goldberg serves as our Chief Executive Officer and President.
Our Chairman, Mr. Shah, presides at the executive sessions.