Business
Host Hotels & Resorts Announces Appointments of Deanne Brand and Padmanabh Yardi
BETHESDA, Md., March 15, 2022 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the
About this update from Host Hotels & Resorts, Inc.
[{"type":"text","content":"BETHESDA, Md., March 15, 2022 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST), the nation’s largest lodging real estate investment trust (the “Company”), announced the appointments of Deanne Brand to senior vice president, strategy & analytics, and treasurer and Padmanabh Yardi to senior vice president, information technology. Ms. Brand is responsible for driving the direction-setting corporate strategy, as well as leading the organizational enterprise analytics function. She will serve as a critical advisor on strategic market intelligence analytics and research used to deliver enhanced business outcomes and implement customized asset-level initiatives designed to capture specific business opportunities. She also will serve as our treasurer, and therefore be a key point of contact with external banking and finance parties and will manage and address financial risks to ensure our financial flexibility and optimized financial performance. Mr. Yardi is responsible for leading all of information technology and digital strategy, as well as leading the development and implementation of strategic and innovative technology solutions that will drive incremental EBITDA. He will also ensure the delivery of IT services, infrastructure, cybersecurity and capabilities across the enterprise and provide primary leadership of driving monetization and innovation across the business as it relates to technology initiatives. Host Hotels & Resorts’ Chief Financial Officer Sourav Ghosh said, “We are thrilled to welcome Deanne and Padmanabh to our senior team. Deanne brings deep knowledge and experience in capital markets, corporate finance and treasury and Padmanabh brings extensive technology expertise in the hospitality industry. Both are extremely accomplished, skilled and well-respected executives within the lodging industry. They will be valuable additions to our leadership team and significant contributors to our business going forward.” About Deanne BrandMs. Brand was most recently employed by Park Hotels & Resorts as their senior vice president and treasurer where she was responsible for capital markets, corporate finance, long-term strategic planning, treasury and insurance functions. Previously, she held senior level corporate finance positions at Hilton Worldwide, Inc. where she was responsible for project finance oversight f...