AUSTIN, TX—The board of directors of Summit Hotel Properties, Inc., has appointed president and CEO Daniel P. Hansen to the additional post of chairman of the board.
Hansen succeeds Thomas W. Storey who will remain on the board as a director. The company also revealed that Jeffrey W. Jones has been appointed to lead independent director, succeeding Dr. Bjorn Hanson, who will also remain on the board as a director and will continue his role as chair of the nominating and corporate governance committee. Jones will also continue his role as chair of the audit committee.
Hansen has served as the company’s president and CEO, and been a member of the board since the company’s formation in 2010. He also serves on the board of the AHLA and is a member of multiple advisory councils for brand companies in the lodging industry. Under Hansen’s leadership, the company has nearly quadrupled in size to an enterprise value of $2.4 billion and more than 80 hotels across the country.