Apple Hospitality REIT Announces Executive Leadership Team
Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the promotion, effective April 1, 2020, of six members of its senior management team. The promotions are in conjunction with the previously announced retirement of the Company’s Executive Vice President and Chief Operating Officer, Kristian Gathright, and the Company’s Executive Vice President and Chief Financial Officer, Bryan Peery, who will retire from their officer positions with the Company, effective March 31, 2020.
Justin Knight, President and Chief Executive Officer of the Company, commented, “We are fortunate to have a tenured senior management team with tremendous experience and a passion for driving industry leading results and maximizing value for our shareholders. I am confident they will effectively transition into their expanded roles and continue to build upon the success we have had over the years, and I look forward to the future of Apple Hospitality under their leadership. On behalf of the Company and our Board of Directors, I express sincere gratitude to Krissy and Bryan for their instrumental roles in the development of our team and their contributions to the Company over the years.”
The individuals promoted, their new positions, and details regarding their industry experience are included below.
Nelson Knight Promoted to President, Real Estate and Investments
Nelson Knight joined the Apple REIT Companies in 2005 and has served as Executive Vice President and Chief Investment Officer for the Company since May 2014. Prior to his current role, he held various senior management positions with the Company and each of the former Apple REIT Companies. Mr. Knight executes on the Company’s capital deployment strategies, including oversight of the Company’s capital reinvestment team. Mr. Knight serves on the Marriott Capital Asset Planning and Execution (CAPE) Board, on Hilton’s Product Advisory Council, on the Home2 Suites by Hilton Owners Advisory Committee, on the TownePlace Suites by Marriott Franchise Advisory Council, as an advisory member of the Hunter Hotels Investment Conference, and as chair of the TownePlace Suites by Marriott System Marketing Committee. Mr. Knight holds a Master of Business Administration degree from Texas Christian University, as well as a Bachelor of Arts degree, Cum Laude, in History with a minor in Business from Southern Virginia University.