Comfort Inn 2011 Annual Report Download - page 22

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Table of Contents
Although we believe that increases in the rate of inflation will generally result in comparable increases in hotel room rates, severe inflation could
contribute to a slowing of the national economy. Such a slowdown could result in reduced travel by both business and leisure travelers, potentially resulting in
less demand for hotel rooms, which could result in a reduction in room rates and fewer room reservations, negatively impacting our revenues. A weak
economy could also reduce demand for new hotels, negatively impacting the franchise fees received by us.
Among other unpredictable external factors, which may negatively impact us, are wars, acts of terrorism, airline strikes, gasoline shortages, severe
weather and the risks described below under the Item 1A. Risk Factors.

We employed approximately 1,431 people in our domestic operations as of February 15, 2012. None of our employees are represented by unions or
covered by collective bargaining agreements. We consider our relations with our employees to be good.

The name, age, title, present principal occupation, business address and other material occupations, positions, offices and employment of each of the
executive officers of the Company as of December 31, 2011 are set forth below. The business address of each executive officer is 10750 Columbia Pike, Silver
Spring, Maryland 20901.
 

Stewart W. Bainum, Jr. 65
Chairman of the Board of Directors
Stephen P. Joyce 51
President and Chief Executive Officer
David L. White 43
Senior Vice President, Chief Financial Officer & Treasurer
Bruce N. Haase* 50
Executive Vice President, Global Brands, Marketing & Operations
Patrick S. Pacious 45
Executive Vice President, Global Strategy, Distribution & Technology
David A. Pepper 44
Senior Vice President, Global Development
Patrick J. Cimerola 43
Senior Vice President, Human Resources and Administration
Scott E. Oaksmith 40
Controller
* Effective January 31, 2012, Mr. Haase no longer serves as an Executive Officer of the Company
Stewart Bainum, Jr. Director from 1977 to 1996 and since 1997. Chairman of the Board of Choice Hotels from March 1987 to November 1996 and
since October 1997; Chairman of the Board of Realty Investment Company, Inc. since December 2005; Chairman of the Board of Sunburst Hospitality
Corporation since November 1996. He was a director of Manor Care, Inc. from September 1998 to September 2002, serving as Chairman from September
1998 until September 2001. From March 1987 to September 1998, he was Chairman and Chief Executive Officer of Manor Care, Inc. He served as
President of Manor Care of America, Inc. and Chief Executive Officer of ManorCare Health Services, Inc. from March 1987 to September 1998, and as Vice
Chairman of Manor Care of America, Inc. from June 1982 to March 1987.
Stephen P. Joyce. President & Chief Executive Officer since June 2008 and President & Chief Operating Officer from May 2008 until June 2008. Prior
to joining the Company, he was employed by Marriott as Executive Vice President, Global Development/Owner and Franchise Services from 2005 until 2008
and Executive Vice President, Owner and Franchise Services/North American Full Service Development from 2003 until 2005.
David L. White. Senior Vice President, Chief Financial Officer & Treasurer since December 2007. He was Chief Financial Officer & Treasurer from
September 2006 to December 2007; Vice President, Finance & Controller of Choice from December 2002 to September 2006; and was Vice President,
Financial/SEC Reporting from September 2002 to December 2002. He was Senior Manager, Ernst & Young, LLP from May 2002 to September 2002. He was
employed by Arthur Andersen LLP as Senior Manager from May 1999 to May 2002, and manager from October 1998 to May 1999. He served as Assistant
Controller for the energy marketing division of Statoil Energy, Inc. from May 1997 to September 1998.
Bruce N. Haase. Executive Vice President, Global Brands, Marketing and Operations since October 2009. He was Executive Vice President, Global
Operations from March 2008 to October 2009. Mr. Haase was Senior Vice President, Brand Operations & International from July 2007 to March 2008. He
was Senior Vice President and Division President, Select Market Brands from January 2007 to July 2007 and was Senior Vice President, International of the
Company from October 2000 to January 2007. He was Vice President – Finance and Treasurer from April 2000 until October 2000. He was Vice President,
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