Choice Hotels’ Patrick Pacious Is Out as CEO
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Key Points
- Patrick Pacious has stepped down as CEO of Choice Hotels after nearly nine years, with Dominic Dragisich named interim CEO.
- The company is undergoing a leadership transition and has begun an external search for a permanent successor.
- Choice Hotels recently underperformed compared to peers and failed in a merger attempt with Wyndham, though it had previous success with the Radisson acquisition.
Summary
Patrick Pacious has stepped down as president and CEO of Choice Hotels after nearly nine years in the role, with Chief Growth & Strategy Officer Dominic Dragisich taking over on an interim basis. The company is in a transitional phase, actively searching externally for a permanent successor. Recent challenges include underperforming peers in the first quarter and an unsuccessful merger attempt with Wyndham, though Pacious previously led the successful acquisition of Radisson Hotel Group.
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