leadership
confidence high
sentiment neutral
materiality 0.65
Choice Hotels CEO Patrick Pacious steps down; Dominic Dragisich named interim CEO
CHOICE HOTELS INTERNATIONAL INC /DE
- Patrick Pacious steps down as President & CEO effective May 20, 2026; will serve as advisor through Aug 31, 2026.
- Dominic Dragisich, former CFO and Chief Growth & Strategy Officer, appointed Interim CEO effective May 20, 2026.
- Board will conduct search for permanent CEO, considering internal and external candidates.
- Separation agreement includes cash severance of 200% of base salary + target bonus, equity vesting, and benefits.
- Company reaffirms full-year 2026 financial outlook provided on April 30, 2026.
item 5.02item 9.01