Wyndham Hotels & Resorts (NYSE: WH) has appointed Alexandra A. Jung to its board of directors, expanding the board to 9 members, seven of whom are independent. With more than 25 years of experience in investment management, Ms. Jung brings a wealth of knowledge across various sectors, including hotel and leisure, power, consumer, industrials, transport, energy, healthcare, and real estate.
As co-founder and managing partner of Amateras Capital and head of private debt funds, Ms. Jung's expertise in global portfolio management and international investment is expected to contribute to Wyndham's sustained growth. She has held significant roles at AEA Investors and Oak Hill Advisors, where she led the build-out of the firm's European business and portfolio, as well as global portfolio management roles. Ms. Jung's experience also includes leadership positions at Goldman Sachs in New York and London, where she focused on credit and equity investing in US transatlantic and European companies.
Ms. Jung is currently on the board of NVR, Inc., one of America's leading homebuilders, and has been an advocate for women in investing and executive leadership. She was a founding board member of the Women's Business Collaborative, aimed at accelerating the advancement of women in the c-suite, board, and corporate leadership.
Wyndham's board of directors now includes notable figures such as Stephen P. Holmes, chairman of the board and former chairman and CEO of Wyndham Worldwide, Geoffrey A. Ballotti, president & CEO of Wyndham Hotels & Resorts, Myra J. Biblowit, former president of the Breast Cancer Research Foundation, and others.
Wyndham Hotels & Resorts, the world's largest hotel franchising company, operates approximately 8,300 hotels across approximately 100 countries on six continents, with a network of over 855,000 rooms. The company's portfolio comprises 25 hotel brands, including Super 8, Days Inn, Ramada, Microtel, and Wyndham. Additionally, the company's Wyndham Rewards loyalty program boasts approximately 121 million enrolled members.
Ms. Jung's appointment brings a new perspective to Wyndham's board, and her extensive experience in investment management is expected to play a crucial role in guiding the company's future growth and strategic decisions. The market has reacted to these announcements by moving the company's shares -2.69% to a price of $70.14. For the full picture, make sure to review WYNDHAM HOTELS & RESORTS, INC.'s 8-K report.
