La Quinta Appoints Schumm as CFO
ST LOUIS, MO, July 26, 2005. La Quinta Corporation today announced that it has appointed Steven A. Schumm as Executive Vice President, Chief Financial Officer. Mr. Schumm will report to Francis W. ("Butch") Cash, La Quinta's Chairman and Chief Executive Officer.
Mr. Schumm brings to La Quinta more than 30 years of public accounting as well as corporate financial, administrative and operational experience, much of that time being spent in roles of increasing responsibility with Ernst & Young, LLP and its predecessors, including managing partner of the St. Louis office. Most recently, Mr. Schumm served as Executive Vice President and Chief Administrative Officer for Charter Communications, Inc. During his tenure with Charter, Mr. Schumm also served as interim Chief Financial Officer and was instrumental in successfully guiding the company through a challenging period.
"We are pleased to welcome Steve to La Quinta as our chief financial officer," said Mr. Cash. "The addition of a seasoned executive with proven experience like Steve, further enhances the depth and talent of our executive team. Steve will be instrumental in helping us execute our growth strategy and enhance shareholder value."
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