Rachael Rothman, EVP/CFO of Apple Hospitality REIT, has resigned from the company effective immediately. The NYSE-listed REIT’s board of directors appointed Bryan Peery, the company’s EVP/chief accounting officer, to fill the position—one he held from the REIT’s launch in 2007 until June 30 this year.
In March, Peery informed the company of his intention to retire from his positions with the company in the first quarter of 2020; however, he has agreed to remain on as necessary beyond March 2020 to provide for an orderly transition of his responsibilities.
Rothman was appointed to her role when Peery stepped down at the end of June, having worked in the industry for more than 20 years. Before joining the REIT, she was SVP of investor relations and strategy for Playa Hotels & Resorts.
In a statement, the company emphasized that Rothman’s resignation was “not due to any disagreement with the company on any matter relating to the company’s operations, policies or practices.”