Choice Board Backs Ledsinger
SILVER SPRING, MD, December 22, 2005. Choice Hotels International has announced that its Board of Directors has extended the employment agreement with Charles A. Ledsinger, Jr., president and chief executive officer, for four years. Under the extension, Ledsinger 's contract will run until December 2009.
"We are very pleased that Chuck Ledsinger will continue to provide his tremendous leadership for our company," said Stewart Bainum, Jr., board chairman. "Since Chuck joined Choice in 1998, the company has enjoyed its most dynamic growth and has secured its position as a premier lodging franchisor internationally. We have seen the company's average total annual shareholder return exceed 29% during his tenure.
Today our franchise system includes more than 5,000 hotels in more than 40 countries, and Chuck's strategic vision has played an integral role in that success. I deeply appreciate the Board's confidence in my leadership, in our strategy and in the exceptional management team we now have in place to guide the company," said Ledsinger. "Today Choice is extremely well-positioned to grow its brands and to provide our franchisees with greater opportunities to maximize their investment. I look forward to the next four years as we strive to take the company's performance to even higher levels."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
