DiamondRock Taps Brugger as CEO
- Jul 08, 2008
DiamondRock Hospitality Co. has tapped Mark Brugger to become CEO, effective September 1, 2008, it has reported. Bill McCarten, DiamondRock’s current chairman & CEO, will continue in his role as chairman. In addition, Brugger has been appointed to the board, expanding it from 6 to 7 members. “I’m especially pleased that Mark will continue to receive sound advice from the same team that has driven its success,” McCarten said in a statement. “In particular, John Williams will continue to lead our acquisition and asset management activities as president & COO and will continue to serve on our board of directors.” Brugger (pictured) is one of the founders of DiamondRock and has served as its executive vice president, CFO and treasurer since its formation in 2004. In this role, he led all of its capital markets activities, helped to formulate strategies, and sourced a number of DiamondRock’s hotel acquisitions.Prior to joining DiamondRock, he was with Marriott International Inc., where he was involved in numerous hotel transactions. He has was with Transwestern Commercial Services and Brookfield Homes. DiamondRock owns 20 hotels with approximately 9,600 guestrooms. The company announced a 4.8 million share stock buyback in March. Its second quarter report listed revenues of $132.9 million compared to $133.7 million in the year-ago quarter.