RLH Corporation (NYSE:RLH) announced on Friday that its Chief Financial Officer, Douglas L. Ludwig, has tendered his resignation effective immediately due to personal health reasons. The Company's Chief Accounting Officer, Mr. Nate Troup, will serve as Principal Financial Officer while the Company conducts its search for a replacement.
"The RLH team is keeping Doug in its thoughts and we wish him a rapid recovery. Doug has overseen a great deal of positive change at RLH and we are grateful for his efforts during his tenure. The Company has strengthened its financial position with a meaningful reduction of long-term debt since Doug joined RLH in 2017," said RLH President and Chief Executive Officer Greg T. Mount. "With the sale of our owned hotels largely completed, our focus is on growing our asset light, franchise model. We are confident that we have a seasoned finance and accounting team in place as we conduct our search."
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