Lodgian CFO steps down
Lodgian has announced that Linda Borchert Philp will resign from her position as executive vice president and chief financial officer, effective December 16, 2005.Following her departure date, Philp will stay on as a consultant with the company for up to three days a week through as late as mid-March 2006, to assist with the year-end close, Sarbanes Oxley issues and filing the 10K annual report, or until a suitable replacement is found. The company said it already has begun a formal search for a successor.
Philp served as a consultant to Lodgian beginning in 2001 during the company’s restructuring. She officially joined the company in 2002 as vice president, treasurer, was promoted to vice president, chief accounting officer and treasurer of the company in November 2003 and was promoted to executive vice president and chief financial officer in January 2005.
“Linda has compiled a very impressive record of success during her four years at Lodgian, playing a key role in our financial restructuring and in strengthening our financial reporting,” said Ed Rohling, president and CEO. “At this point in her career, she has decided to make a change and has voluntarily resigned to pursue other opportunities that will allow her to devote more time to her family. Fortunately, we will still benefit from her counsel and experience, as she will remain as a consultant to the company following her official departure date in mid-December.”