Hilton introduces board of directors for Park Hotels & Resorts
Hilton will continue to be led by the current president and chief executive officer, Christopher J. Nassetta.
Thomas J. Baltimore, Jr., who was appointed to the position of president and CEO in April 2016, will lead Park and is expected to serve as chairman of the Board of Directors.
The Park Board will go into effect upon completion of the spin-off.
The Park Hotels & Resorts Board of Directors is expected to include:
Thomas J. Baltimore, Jr.
Mr. Baltimore will be the chairman, president and chief executive officer of Park Hotels & Resorts Inc.
Mr. Baltimore most recently served as the president and chief executive officer of RLJ Lodging Trust and as a member of its board of trustees from January 2011 to May 2016.
Prior to that, Mr. Baltimore co-founded RLJ Development and served as its president from 2000 to 2011.
Previously, he served as vice president of gaming acquisitions of Hilton Hotels Corporation and later as vice president of development and finance.
He also worked previously in various management positions with Marriott Corporation and Host Marriott Services Corporation.
Mr. Baltimore serves as a director of Prudential Financial, Inc. and Duke Realty Corporation.
Patricia M. Bedient
Ms. Bedient is the retired executive vice president and chief financial officer of Weyerhaeuser Co., one of the world's largest integrated forest products companies.
Ms. Bedient joined Weyerhauser in 2003, and served in various roles including senior vice president, finance and strategic planning during her tenure.
Prior to joining Weyerhauser, Ms. Bedient, a certified public accountant, spent 27 years with Arthur Andersen LLP. She currently serves on the boards of Alaska Air Group Inc. and Suncor Energy Inc.
Gordon M. Bethune
Mr. Bethune is the retired chairman of the board and chief executive officer of Continental Airlines, having been with the company from 1994 until his retirement in 2004.
Prior to his tenure at Continental, Mr. Bethune held senior management positions with The Boeing Company, Piedmont Airlines, Inc., Western Airlines, Inc. and Braniff Airlines.
He currently serves on the board of directors of Sprint Corporation. Bethune is expected to serve as the lead independent director of Park.
Robert G. Harper
Mr. Harper currently serves as head of U.S. Asset Management for the Blackstone real estate group. He has previously worked for Blackstone in Los Angeles and London, where he served as head of Europe for the Blackstone Real Estate Debt Strategies business.
Mr. Harper joined Blackstone in 2002, and previously held positions with Morgan Stanley's real estate private equity group. He currently serves as a director of ESH Hospitality, Inc.
Tyler S. Henritze
Mr. Henritze has served as senior managing director in the real estate group for The Blackstone Group L.P. since January 2013 and is currently the co-head of U.S. Acquisitions for Blackstone.
Before joining Blackstone in 2004, Mr. Henritze worked at Merrill Lynch in the real estate investment banking group.
He currently serves on the board of directors of The Cosmopolitan of Las Vegas, Motel 6 and BRE Select Hotel Corp, and previously served on the board of directors of Hilton Worldwide Holdings Inc. and La Quinta.
Christie B. Kelly
Since 2013, Ms. Kelly has served as executive vice president and chief financial officer of Jones Lang LaSalle Incorporated.
Prior to her tenure at JLL, Ms. Kelly served as executive vice president and chief financial officer of Duke Realty Corporation from 2009 until June 2013.
Prior to Duke, she served as senior vice president, global real estate at Lehman Brothers, where she led real estate equity syndication in the United States and Canada. She currently serves on the board of directors of Kite Realty Group Trust.
Ms. Kelly is expected to serve as the chair of Park's Audit Committee.
Sen. Joseph I. Lieberman
Senator Lieberman is a senior counsel with Kasowitz Benson Torres & Friedman LLP.
Prior to joining Kasowitz, Senator Lieberman served 24 years in the U.S. Senate, retiring in January 2013 following the end of his fourth term.
Senator Lieberman served as chairman of the Committee on Homeland Security and Government Affairs and helped shape legislation in areas of public policy including national and homeland security, foreign policy, fiscal policy, environmental protection, human rights, health care, trade, energy, cyber security and taxes.
Prior to being elected to the U.S. Senate, Senator Lieberman served as the attorney general of the State of Connecticut from 1983 until 1988.
Timothy J. Naughton
Mr. Naughton is the chairman, chief executive officer and president of AvalonBay Communities, Inc.
Mr. Naughton has served as chairman of the board of AvalonBay since May 2013, as chief executive officer since January 2012, and as president since February 2005.
Mr. Naughton currently serves on the board of directors of Welltower Inc., serves as an officer of the National Association of Real Estate Investment Trusts, is a member of The Real Estate Round Table, is a member and past chairman of the Multifamily Council of the Urban Land Institute and is a member of the National Multi-Housing Council, where he serves on the Executive Committee.
He is expected to serve as the chair of Park's Nominating and Corporate Governance Committee.
Stephen I. Sadove
Mr. Sadove has served as a founding partner of JW Levin Management Partners LLC, a private management and investment firm, since 2015.
Mr. Sadove also serves as principal of Stephen Sadove and Associates, which provides consulting services to the retail industry, since 2014.
From 2007 until 2013, he served as chairman and chief executive officer of Saks Incorporated.
Prior to his tenure with Saks, Mr. Sadove served Bristol-Meyers Squibb Company from 1991 until 2001, as president.
Mr. Sadove currently serves on the board of directors of Colgate-Palmolive Company, Ruby Tuesday, Inc. and Aramark. He also serves as the chairman of the Board of Trustees of Hamilton College.
Mr. Sadove is expected to serve as the chair of Park's Compensation Committee. ■
What to read next