With the approval 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 2017 or until his successor is duly elected and qualified: James R. Abrahamson, Glenn Alba, Scott O. Bergren, Alan J. Bowers, Henry G. Cisneros, Keith A. Cline, Giovanni Cutaia, Brian Kim, 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 the Company’s Board of Directors since February 2014.
He has served as Chairperson of the Company’s Board of Directors since November 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 Marriott International’s MINA board, is a member of the franchise and owners 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 is serving his third term as a member of the Board of Trustees of Wake Forest University.
In addition, he is an executive committee member of Woodward Academy.
Mr. Shah holds a Bachelor of Arts in Economics from Wake Forest University.
Abrahamson, Alba, Bergren, Bowers, Cisneros, Cutaia, Kim, Shah
and Sumers is independent under the guidelines for director independence set forth in the Corporate Governance Guidelines and under all applicable NYSE guidelines, including with
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. Cline serves as our Chief Executive Officer and President.
Our Chairman, Mr. Shah, presides at the executive sessions.