On October 6, 2020, Host Hotels & Resorts, Inc. (the “Company”), the general partner of Host Hotels & Resorts, L.P., announced that on September 30, 2020 Brian G. Macnamara informed the Company of his intention to retire from his position as senior vice president, corporate controller and principal accounting officer of the Company effective December 31, 2020, after 25 years of distinguished service to the Company. Mr. Macnamara will continue to work with the Company as a senior advisor reporting to Sourav Ghosh, the Company’s executive vice president and chief financial officer, through July 1, 2021.
The Board of Directors of the Company has elected Joseph Ottinger to succeed Mr. Macnamara as corporate controller and principal accounting officer effective January 1, 2021. Mr. Ottinger was also promoted to senior vice president effective October 5, 2020. Mr. Ottinger, age 44, joined the Company in 1999 and has served as vice president, financial reporting since April 2012 and assistant controller of the Company since January 2017. Prior to that time, Mr. Ottinger held a series of positions with increasing financial reporting responsibilities within the Company’s finance organization. Effective for 2021, Mr. Ottinger will participate at the level of senior vice president and department head in the annual incentive award program and in long-term equity-based compensation granted under the Company’s comprehensive stock and cash incentive plan.
In this Current Report on Form
8-K,
we make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “expect,” “may,” “intend,” “predict,” “project,” “plan,” “will,” “estimate” and other similar terms and phrases. Forward-looking statements are based on management’s current expectations and assumptions and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks and uncertainties include the potential impact of
COVID-19
and other risks and uncertainties associated with our business described in our Annual Report on Form 10–K for the year ended December 31, 2019, our Quarterly Reports on Form
10-Q
for the quarters ended March 31, 2020 and June 30, 2020 and in other filings with the Securities and Exchange Commission. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that we will attain these expectations or that any deviations will not be material. Except as otherwise required by the federal securities laws, we disclaim any obligations or undertaking to publicly release updates to any forward-looking statement contained in this report to conform the statement to actual results or changes in our expectations.
