Changes to LodgeNet’s Board and Management
Friday June 1st, 2012 - 10:13AM
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SIOUX FALLS, SD—LodgeNet Interactive Corporation (LNET) announced changes to its management and Board of Directors.
Scott C. Petersen will depart LNET as President and CEO but will remain on the Board of Directors.
“I have been honored to be part of the LodgeNet growth story over the past twenty-five years,“ Petersen said in a statement. “The “The Company has a highly unique and strategically valuable position within the hospitality and healthcare industries, and I look forward to contributing to its future growth as a member of its Board of Directors. On a personal level, I am energized to be in a position to consider new and diverse opportunities to apply my interests and talents.”
Philip Spencer was named Interim CEO; LNET has commenced a search for Petersen’s replacement.
Thomas N. Matlack was appointed to the Board of Directors as an independent Director of LNET.
Tags: Hospitality Brands
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.