Apple Hospitality REIT, Inc. have announced the appointment of Carolyn Handlon to its Board of Directors, effective 1st March 2023. She will stand for election as a Board-recommended nominee at the company’s next Annual Meeting of Shareholders on 18th May.
Carolyn Handlon retired in April of last year. Prior to that, she was Executive Vice-President, Finance and Global Treasurer of Marriott International for more than 17 years. In this role, she oversaw the financial health and strategy, global investments, and capital markets for the company.
She first joined Marriott in 1987. Over the course of her 35 years at leadership level of the hospitality company, Handlon was responsible for global capital markets, global investment, real estate lending, corporate financial strategy, and financial risk management.
The veteran of over 40 years in the financial, global market, and hospitality industries earlier worked for the Overseas Private Investment Corporation and for the Continental Illinois National Bank and Trust.
Handlon currently serves on the Board of Directors for Invesco Mortgage Capital Inc. and on the Audit Committee, the Nomination and Corporate Governance Committee, and as chair of the Compensation Committee of such board. Additionally, she also serves on the Board of Directors for Science Applications International Corporation and on the Audit Committee and Nominating and Corporate Governance Committee of such board.
Finally, she is a member of the Economic Club of Washington, D.C., the National Association of Corporate Directors, and Women Corporate Directors.
Apple Hospitality's Board consists of nine directors, of which 30% are women following the addition of Carolyn Handlon.
We are delighted to welcome Carolyn to our Board of Directors. As one of the key leaders at Marriott across multiple economic cycles, Carolyn successfully navigated recessionary environments and capital market challenges while preserving liquidity and financial stability for Marriott. Carolyn brings tremendous financial acumen and expertise specific to the hotel industry to our Board, and we are confident she will be an outstanding addition. We look forward to further advancing the Company’s corporate governance and oversight through her insight and leadership.
Glade Knight, Executive Chairman of Apple Hospitality