Sunstone Hotel Investors CEO John V. Arabia leaves, Chairman Douglas M. Pasquale named interim CEO

Sunstone Hotel Investors, Inc.

John V. Arabia separated as President & CEO and resigned from Board, effective immediately; separation is without 'Cause' per employment agreement.
Douglas M. Pasquale, current Board Chair, appointed interim CEO; will remain Chair; executive search firm to be retained for permanent replacement.
Pasquale plans to invest in portfolio, unlock value, and pursue acquisitions like recently acquired Montage Healdsburg Resort.
Actions not related to financial condition, internal controls, or disclosure procedures per company statement.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Douglas M. Pasquale

Chief Executive Officer

SHO · Sunstone Hotel Investors, Inc.

Effective: 2021-09-02
Filed: September 2, 2021, 7:59 PM ET

The Board has appointed Douglas M. Pasquale, currently chairman of the Board, to serve as the Company’s Chief Executive Officer, effective immediately.

Departed

John V. Arabia

President and Chief Executive Officer

SHO · Sunstone Hotel Investors, Inc.

Effective: 2021-09-02
Successor: Douglas M. Pasquale
Filed: September 2, 2021, 7:59 PM ET

On September 2, 2021, the Board of Directors (the “Board”) of Sunstone Hotel Investors, Inc. (the “Company”) determined to separate with John V. Arabia, with respect to his role as the Company’s President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas M. Pasquale was appointed as Chief Executive Officer at Sunstone Hotel Investors, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board has appointed Douglas M. Pasquale, currently chairman of the Board, to serve as the Company’s Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John V. Arabia departed as President and Chief Executive Officer at Sunstone Hotel Investors, Inc..

Action: separated
Role: President and Chief Executive Officer

Exact text from the filing

On September 2, 2021, the Board of Directors (the “Board”) of Sunstone Hotel Investors, Inc. (the “Company”) determined to separate with John V. Arabia, with respect to his role as the Company’s President and Chief Executive Officer.

View on SEC.gov

Sunstone Hotel Investors, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-21-012193

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