FelCor Announces Leadership Transition

IRVING, Texas--(BUSINESS WIRE)--FelCor Lodging Trust Incorporated (NYSE:FCH) today announced that Richard A. Smith, the Company’s former President and Chief Executive Officer, has retired. Troy A. Pentecost, the Company's long-time Chief Operating Officer and a 35-year veteran of the hospitality industry, has been appointed to the additional positions of President and interim senior executive officer, effective immediately. Mr. Smith, who also resigned from the Company’s board of directors, will remain with the Company in a nonexecutive role through the end of the year to facilitate the transition of his responsibilities. The board of directors intends to engage Spencer Stuart to assist with identifying a new CEO.