DRH

DiamondRock Hospitality Promotes Stephen Spierto to Chief Accounting Officer

DiamondRock Hospitality Company (NYSE: DRH) has announced the promotion of Stephen Spierto to Chief Accounting Officer effective May 15, 2024. Mr. Spierto, who previously served as Vice President, Corporate Controller, has been tasked with overseeing corporate accounting, financial reporting, and technical accounting. His promotion follows his short tenure with the company, during which he has showcased outstanding business acumen and a deep understanding of the business.

Anika Fischer has also been appointed as Senior Vice President and General Counsel and will join the company on June 3, 2024. Ms. Fischer, previously the Deputy General Counsel at Essex Property Trust, Inc., brings extensive legal expertise in the real estate sector and a track record of leading legal departments in various complex real estate transactions.

DiamondRock's Chief Executive Officer, Jeffrey J. Donnelly, expressed excitement about the promotions, emphasizing Spierto's remarkable contributions and Fischer's strategic judgment and comprehensive legal expertise.

These changes in the company's leadership come as DiamondRock Hospitality Company continues to position itself as a top performer in the lodging sector. DiamondRock currently owns 36 premium quality hotels with over 9,700 rooms, strategically positioned in leisure destinations and top gateway markets, operated under leading global brand families as well as independent boutique hotels in the lifestyle segment. Following these announcements, the company's shares moved 1.7%, and are now trading at a price of $8.57. If you want to know more, read the company's complete 8-K report here.

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