Summit Hotel Properties, Inc. (NYSE:INN) (the “Company”) today announced Mr. Jeffrey Jones and Mr. Kenneth Kay have been appointed to the Company’s Board of Directors, which now includes seven members, five of whom are independent, including Messrs. Jones and Kay. Mr. Jones has been appointed to the Audit and Nominating Committees; Mr. Kay has been appointed to the Audit and Compensation Committees.
“On behalf of the board of directors and the executive management team, we are thrilled to welcome Jeff and Ken to our team,” said Dan Hansen, President and Chief Executive Officer of Summit Hotel Properties. “Their extensive public company experience and capital markets expertise will enhance our board as we continue to create shareholder value.”
Jeffrey Jones most recently held the position of Chief Financial Officer of Vail Resorts, Inc. (NYSE:MTN), where he also served as a member of the Vail Resorts Board of Directors and as President of Lodging, Retail and Real Estate. Mr. Jones held overall responsibility for the finance, accounting, treasury and investor relations functions, as well as operations oversight of the lodging, retail, and real estate segments, of this publicly-traded mountain resort operator. Mr. Jones joined Vail Resorts in 2003 and retired from his positions in December 2012. Prior to Vail, Mr. Jones was CFO of multiple companies primarily in the retail sector.
Mr. Jones currently serves on the Boards of Noodles & Company, Inc. (Nasdaq:NDLS), where he chairs the Audit Committee, and Hershey Entertainment & Resorts, a privately held company where he chairs the Audit and Finance Committee. In addition, he is a member of the Advisory Board of U.S. Bank and is the Executive in Residence and a member of the Board of Directors at the Leeds School of Business, University of Colorado Boulder. Mr. Jones is a certified public accountant and a member of the American Institute of Certified Public Accountants.