The Board of Directors for FelCor Lodging Trust
has appointed Richard A. Smith as President and Chief Executive Officer.“I am extremely pleased that Rick has been promoted to President and CEO
of FelCor. Since he first joined FelCor, his leadership has been evident
throughout the Company. Rick’s wealth of experience will continue to position
FelCor as one of our industry’s leaders,” said Thomas J. Corcoran, Jr., who
has become FelCor’s Chairman of the Board.
“Tom’s leadership and vision for FelCor over the last 15 years can be seen
throughout our Company. He grew FelCor from a REIT of six hotels and a market
capitalization of $120 million in 1994 to a portfolio of 117 hotels with a
total market capitalization of $3.2 billion. His leadership has positioned
FelCor to be strong and profitable,” said Rick Smith, FelCor’s President and
CEO. “I am very honored to be appointed to this role. I look forward to
working with Tom to build an even stronger Company as we enter a new era.”
Mr. Smith joined FelCor in November 2004 as Executive Vice President and
Chief Financial Officer. Prior to FelCor, Mr. Smith was with Wyndham
International as Executive Vice President and Chief Financial Officer. He was
responsible for that company’s financial strategy and operations. Mr. Smith
joined Wyndham International in September 1999 as Senior Vice President and
Treasurer. Mr. Smith also previously worked with Starwood Hotels & Resorts
Worldwide, Inc., where he was Vice President of Corporate Finance.
Previously, he worked for Atlantic Richfield Company and Coopers & Lybrand.
Mr. Smith also will join the Board of Directors of FelCor.
A certified public accountant, Mr. Smith graduated from the University of
Tennessee, where he received a Bachelor of Science degree in Accounting and