Management ChangeJun 12, 2026, 06:41 AM
Summit Hotel Properties CFO William Conkling to Depart; CEO to Assume CFO Role
AI Summary
Summit Hotel Properties, Inc. announced that William Conkling, Executive Vice President and Chief Financial Officer, will resign effective June 15, 2026. Jonathan Stanner, President and CEO, will take over as principal financial officer without additional compensation. Mr. Conkling will provide consulting services for a transition period and his departure is not related to any disagreements with the company.
Key Highlights
- William Conkling resigns as EVP and CFO of Summit Hotel Properties, effective June 15, 2026.
- Jonathan Stanner, President and CEO, will assume the role of principal financial officer.
- Mr. Conkling will provide consulting services from June 16 to September 30, 2026, for $25,000/month.
- Mr. Conkling's departure is not due to any disagreement with the Company.
- Noncompete covenant reduced from twelve to six months post-employment.
Price Impact
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