Since joining AFM in June 2004, Susan has been responsible for accounting and financial reporting for AFM and its subsidiaries; directing divisional controllers; integrating new acquisitions into AFM accounting and reporting; and most importantly clearing AFM from Issuer defaults related to the late filing of financial statements. Her other responsibilities have grown to include treasury, risk management, compliance reporting, and internal audit.
"With a solid background in both manufacturing and services industries, Susan brings more than twenty years public and private accounting in the lumber, wine, hospitality and cable wiring industries to our growing company and its new international subsidiaries," said Lawrence P. Horwitz, Chairman and CEO, for AFM Hospitality Corporation. "We are pleased to promote Susan to CFO and look forward to her continuing to raise the level and quality of our financial reporting."
Susan resides in Seattle, Washington and will be working from both the Toronto, Ontario and Seattle, Washington offices.
In an unrelated item, long time member of the AFM Board of Directors, Terry M. Shaikh, has resigned from the AFM Board Directors following his resignation from Rushlake Hotels (USA) Inc., a wholly owned subsidiary of Jivji Holdings B.V., and parent company to Hospitality First Securities Inc., both shareholders of AFM. AFM previously announced a desire to move to a board of outside independent and unrelated directors as well as a smaller board.
About AFM Hospitality Corporation
Through its subsidiary companies, AFM Hospitality Corporation operates or has open and/or executed franchise, management, and membership agreements with more than 300 hotels, restaurants and other nationally franchised service businesses throughout Canada and fifteen other countries. The company's focus is to be a leader in global hospitality management and franchising; InterActive Reservations Platforms and Marketing Solutions; and luxury lifestyle brands and branded services. AFM Hospitality Corporation is a publicly traded company listed on the Toronto Stock Exchange (TSX: AFM).
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