Wyndham Appoints Amit Sripathi as CFO
By Jordan Bradley
Wyndham Hotels & Resorts has appointed Amit Sripathi as the company’s new Chief Financial Officer, the company announced on March 3.
Sripathi moves to the role from the position of Chief Development Officer of North America and succeeds Kurt Albert, who served as Interim CFO since November last year.
Sripathi joined Wyndham in 2021. During his time with the company, Sripathi has “helped Wyndham achieve 20 consecutive quarters of organic net room growth and oversaw the divestiture of the Company’s owned hotels,” Wyndham said.
Wyndham also said Sripathi brought “significant operation and finance experience” from previous roles throughout the hospitality sector when he joined Wyndham.
Prior to joining Wyndham, he held roles at RLJ Lodging Trust, where he was responsible for capital markets and corporate finance, and Deutsche Bank, a real estate, lodging and gaming investment group.
“Wyndham is a truly unique company with an asset-light franchise business model that consistently delivers for its owners and shareholders,” said Sripathi.
Sripathi said he is looking forward to driving “enhanced value creation” at Wyndham and to build on the company’s “Count on Me” culture to benefit owners and shareholders.
“Our priority is to maintain our rigorous financial discipline and capital allocation strategy to ensure we achieve our long-term growth objectives and maximize shareholder returns,” Sripathi said.
Wyndham President and CEO Geoff Ballotti said that Sripathi’s experience—both within and without the company—have positioned him to handle the role of CFO well.
“Amit’s combination of deep finance and capital markets expertise coupled with firsthand operational leadership at Wyndham make him the ideal candidate to lead our finance organization,” said Ballotti. “Amit is uniquely qualified to deliver on our shareholder expectations and has proven himself a champion of owners, as evidenced by Wyndham’s record openings, executions and development pipelines both here in the U.S. and internationally. We are confident in his ability to build on our sustained successes and capture opportunities that will drive increased profitability for our franchisees, while returning excess capital to shareholders in a consistent and sustainable manner.”
David Wilner, “a 30-year franchise sales veteran” who has been with Wyndham for the last eight years, is succeeding Sripathi in the role of Chief Development Officer for North America.
Under Wilner’s leaderhip, “Wyndham created and launched ECHO Suites Extended Stay by Wyndham, the fastest growing extended stay brand in the industry,” Wyndham said.
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