RICHMOND, VA—Apple Hospitality REIT EVP/COO Kristian Gathright and EVP/CFO Bryan Peery intend to retire in the first quarter of 2020. The company’s board of directors has appointed Gathright to the board.
Apple Hospitality is working with an executive search firm, with a focus on external candidates, for a successor CFO. The company will utilize the depth of its existing team and the new CFO to transition the responsibilities of Gathright and Peery, according to the company. Both plan to remain with the company over the next year to assist with an orderly transition and ensure an efficient and seamless integration of the new structure.
Gathright was the first employee of the Apple REIT Companies, which began in 1999. Her appointment to the Apple Hospitality board of directors increases its size from eight to nine members. She will stand for election as a board-recommended nominee at the 2019 Annual Meeting of Shareholders. Her anticipated retirement in 2020 is not expected to impact her status as a board member.