Budget hotel group Travelodge has appointed Brian Wallace as chairman. A qualified accountant, Wallace has held senior executive roles with Schlumberger, Ladbrokes and Hilton, as well as non-executive roles at Miller Group, Hays and Scottish & Newcastle. He is currently a non-executive director of FirstGroup.
Wallace spent 12 years with Hilton, initially as finance director, before combining that role with deputy chief executive. During that period, he helped strengthen the company's balance sheet and expand the global presence of the company, leading to the eventual sale of the business to Hilton Hotels Corporation in America.
Grant Hearn, chief executive of Travelodge, said he was excited to welcome Wallace as Travelodge's new chairman. "He has extensive experience of the hotel industry which will be invaluable as we continue to grow the Travelodge brand and deliver on our successful growth strategy," he said. "I have known Brian for over 12 years and believe he will be a real asset to our company."
Wallace commented: "I am delighted to be joining Travelodge at an exciting time in its history. The management team did a great job last year in successfully achieving the financial restructuring of the business. I am really looking forward to working with Grant and his team as Travelodge continues to focus on serving its customers, with a significant room refurbishment programme due to be launched shortly."
By Janet Harmer
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