Arthur Coffey Named President and CEO at WestCoast Hospitality Corporation
SPOKANE, Wash., Apr 4, 2003 /PRNewswire-FirstCall via COMTEX/ --
WestCoast Hospitality Corporation (NYSE: WEH) today announced that Arthur Coffey has been named President and Chief Executive Officer of the Company following the retirement of Donald Barbieri, which was announced in early March. Mr. Coffey most recently held the position of Executive Vice President and Chief Financial Officer for WestCoast Hospitality Corporation as well as President of WestCoast Hotels. Mr. Coffey has held the title of Executive Vice President and CFO since 1998 and from 1990 to 1998 held the position of Vice President and Chief Operating Officer. Mr. Coffey has been with the Company for 22 years.
"The Board is very pleased to have Art's leadership and operational background coming into his position as CEO," stated Ronald Taylor, Director of WestCoast Hospitality Corporation and Chairman of the CEO Search Committee. "Art's in depth understanding of the Company, both from a financial and operational perspective, make him especially well equipped to lead WestCoast through the upcoming years."
Donald Barbieri, Chairman of the Board, stated, "Art has been integral to our success in building the Company, from three hotels and a much smaller real estate division when he joined us, to a publicly traded Company with hotels throughout the western United States, a successful and growing Entertainment Division, and a larger and more diversified Real Estate Division. Art has served in many roles, including assisting in establishing our first ticketing division in 1986, heading Hotel operations and recently as President of WestCoast Hotels where he has lead the development efforts of the Company in new franchise development, acquisitions, investment and construction. As we implement the strategic vision of our Company's growth, Art's analytical and ethical approach to doing business will serve our Company very well."
Mr. Coffey has spent the majority his career in the hotel industry, working his way up through almost every hotel level position before joining the Company in 1981. Mr. Coffey is currently a Director of the Washington Association of Business, has been a Trustee for the Spokane Area Chamber of Commerce, Director of the Washington State Hotel Association, Director of the Spokane Regional Convention and Visitors Bureau, President of the Spokane Hotel Association and was Food Service Director for the Washington State Centennial Games.
WestCoast Hospitality Corporation owns, manages and franchises hotels throughout the Western United States. The Company owns the trademarks of Red Lion Hotels and WestCoast Hotels, which focus on serving business, convention and leisure travelers in first, second and third tier markets. WestCoast provides entertainment services through TicketsWest, including event ticketing for venues in the United States and Canada, and aggregates content for travel and entertainment that is sold in real-time at its www.ticketswest.com website. TicketsWest also includes WestCoast Entertainment, a Broadway and special event presenting company. G&B Real Estate Services is the real estate division of WestCoast Hospitality Corporation and owns and manages commercial and residential properties. For more information visit: www.redlion.com or www.westcoasthotels.com.
CONTACT: Stephen Barbieri, VP, Chief Communications Officer, +1-509-323-7211, or InvestorRelations@WestCoastHotels.com, for WestCoast Hospitality Corporation.
SOURCE WestCoast Hospitality Corporation
Stephen Barbieri, VP, Chief Communications Officer, +1-509-323-7211, or InvestorRelations@WestCoastHotels.com, for WestCoast Hospitality Corporation
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