Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnAugust 31, 2020 ,Host Hotels & Resorts, Inc. (the "Company" or "Host Hotels "), the general partner ofHost Hotels & Resorts, L.P. , announced thatSourav Ghosh , age 44, has been promoted to executive vice president, chief financial officer and treasurer, effectiveSeptember 1, 2020 .Mr. Ghosh currently serves asHost Hotels' executive vice president, Strategy & Analytics, with responsibility for overseeing the Company's enterprise analytics functions and platforms and the information technology group. FromJanuary 2017 toJanuary 2020 ,Mr. Ghosh served as senior vice president, Enterprise Analytics, and fromJuly 2015 toJanuary 2017 ,Mr. Ghosh served as senior vice president, Global Business Intelligence and Portfolio Analysis.Mr. Ghosh joined the Company inAugust 2009 as vice president, Business Intelligence. Prior to joiningHost Hotels ,Mr. Ghosh held positions atStarwood Hotels & Resorts , including senior director of Real Estate Investments and director of Acquisitions & Development, where he was responsible for sourcing, structuring and negotiating acquisitions and development deals. In connection with his promotion to executive vice president, chief financial officer and treasurer,Mr. Ghosh's annual compensation will consist of (i) an annual base salary of$500,000 , (ii) a target annual cash incentive of one times his salary earned for the year, and (iii) long-term equity incentives with a target value of$1,000,000 effective for his 2021 long-term equity award. As previously announced,Brian G. Macnamara , senior vice president and corporate controller of the Company, was appointed principal financial officer of the Company effectiveJanuary 1, 2020 , to serve until such time as the Company appointed a new chief financial officer. With the appointment ofMr. Ghosh ,Mr. Macnamara will no longer serve in the role of principal financial officer effectiveSeptember 1, 2020 .Mr. Macnamara will continue to serve as senior vice president and corporate controller of the Company and will continue to serve in the role of principal accounting officer. A copy of the Company's press release announcing the promotion ofMr. Ghosh is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits Exhibit No. Description 99.1 Press release announcing the appointment of the CFO, datedAugust 31, 2020 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source