Starwood 2004 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2004 Starwood annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 139

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139

Changes in Internal Controls
There has not been any change in our internal control over Ñnancial reporting identiÑed in connection
with the evaluation that occurred during the year ended December 31, 2004 that has materially aÅected, or is
reasonably likely to materially aÅect, those controls.
PART III
Item 10. Directors, Trustees and Executive OÇcers of the Registrants.
The Board of Directors of the Corporation and the Board of Trustees of the Trust are currently comprised
of 10 members, each of whom is elected for a one-year term. The following table sets forth, for each of the
members of the Board of Directors and the Board of Trustees as of the date of this Joint Annual Report,
certain information regarding such Director or Trustee.
Name (Age) Principal Occupation and Business Experience Service Period
Steven J. Heyer (52) ÏÏÏÏÏÏÏÏÏÏ Chief Executive OÇcer of the Company since
October 2004. Served as President and Chief
Operating OÇcer of The Coca-Cola Company from
December 2002 to September 2004, President and
Chief Operating OÇcer, Coca-Cola Ventures from
April 2001 to December 2002. Mr. Heyer was
President and Chief Operating OÇcer of Turner
Broadcasting System, Inc. from 1996 until April
2001. Mr. Heyer is a director of Internet Security
Systems, Inc.
Barry S. Sternlicht (44)ÏÏÏÏÏÏÏÏ Executive Chairman of the Company since October
2004. Chairman and Chief Executive OÇcer of the
Company since September 1997 and January 1999,
respectively. Mr. Sternlicht has served as Chairman
and Chief Executive OÇcer of the Trust since
January 1995. Mr. Sternlicht also has been the
President and Chief Executive OÇcer of Starwood
Capital (and its predecessor entities) since its
formation in 1991. Mr. Sternlicht was Chief
Executive OÇcer of iStar Financial, Inc. ("iStar''), a
publicly-held real estate investment Ñrm, from
September 1996 to November 1997 and served as the
Chairman of the Board of Directors of iStar from
September 1996 to April 2000. He is a director of
The Estee Lauder Companies, Inc.
Charlene Barshefsky (54) ÏÏÏÏÏÏ Senior International Partner at the law Ñrm of Director and
Wilmer Cutler Pickering Hale and Dorr LLP, Trustee since
Washington, D.C. From March 1997 to January October 2001
2001, Ambassador Barshefsky was the United States
Trade Representative, the chief trade negotiator and
principal trade policy maker for the United States
and a member of the President's Cabinet.
Ambassador Barshefsky is a director of The Estee
Lauder Companies, Inc., American Express
Company, Intel Corporation and Idenix
Pharmaceuticals.
39