Choice Hotels CFO David White Is Honored as CFO of the Year
Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced that its chief financial officer, David White, has received the 2013 CFO of the Year Award. The award, sponsored by the Washington Business Journal recognizes the top CFOs for excellence in their field.
"Dave has been a key steward and strategist behind Choice's strong financial performance in good economic times and bad. He has helped our company consistently return enviable results to our shareholders and has a key role in driving our growth strategy," said Stephen P. Joyce, president & CEO, Choice Hotels International.
In his role as senior vice president, chief financial officer and treasurer for Choice Hotels International, White provides oversight and leadership of the company's financial strategy and finance organization, which includes treasury, financial accounting and analysis, the company's real estate investment committee and tax. He is also an officer of the company.
Last year White was instrumental in leading the company's leveraged recapitalization and special dividend that returned approximately $600 million to shareholders. For the Choice Hotels new global headquarters, in Rockville, Md., White provided leadership and oversight for securing the lease and subsequent build out of the new office building.
White joined Choice Hotels in 2002 as the company's vice president of financial reporting. In that position he provided strong leadership in handling the company's SEC reporting, as well as in the budgeting and analysis function of the business. Before joining Choice Hotels, he worked at Arthur Andersen LLP.
He also currently serves on the board of directors of the Choice Hotels International, Inc. Foundation. The Foundation's mission is to give back to the communities in which Choice operates by supporting programs that provide food and shelter to those in need, enhance and enrich educational efforts and promote the growth and development of tourism. White previously served as a member of the Financial Management Committee for the American Hotel & Lodging Association. He earned his Bachelor's degree in accounting from the University of Virginia's McIntire School of Commerce.
About Choice Hotels
Choice Hotels International, Inc. franchises over 6,200 hotels, representing more than 500,000 rooms, in the United States and more than 30 other countries and territories. As of March 31, 2013, 395 hotels, representing more than 30,000 rooms, were under construction, awaiting conversion or approved for development in the United States. Additionally, 81 hotels, representing approximately 7,000 rooms, were under construction, awaiting conversion or approved for development in more than 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands, as well as its Ascend Hotel Collection membership program, serve guests worldwide.
Choice Hotels International offers the Choice Privileges® rewards program. With nearly 17 million members worldwide, is one of the fastest growing hotel loyalty programs in the travel industry.
Additional corporate information can be found on the Choice Hotels International, Inc. web site, which may be accessed at www.choicehotels.com.
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