Patrick Pacious
The departure of Choice Hotels International outgoing CEO
Steve Joyce has hastened the company's previously announced succession plan.
Current president and COO Patrick Pacious will assume the
role of president and CEO and will join Choice's board of directors on Sept.
12. While Pacious' start date moves up from Jan. 1, he already led the
company's second-quarter earnings call last week.
The previous plan was for Joyce to become vice chair of
Choice's board of directors. Instead, Joyce has been named CEO of Applebee's
and IHOP parent company DineEquity. Joyce has served on DineEquity's board for
five years. He will step down entirely from Choice's board and start as
DineEquity CEO on Sept. 12.
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Source: Business Travel News