O'Brien pulled out Friday, six days before the REIT's first quarter earnings call. He and his family are headed back to Connecticut, Thomas J. Corcoran Jr., FelCor president and CEO, tells GlobeSt.com. "He did a very good job for the company," he adds, explaining he wasn't overly surprised because O'Brien had been "hinting" for some time that he was considering a return to the Northeast. O'Brien could not be reached for comment.
Corcoran says the headhunting search started yesterday by hiring FPL Advisory Group's new Dallas team to scout the terrain and come back with a list of potential candidates. He expects the CFO position will be filled within 60 days. But, of course, that means finding the right fit...and preferably one who can cook, a requirement for the Irving, TX-based REIT's culture. If the hire can't cook, Corcoran says he will do what he's done in the past: give lessons.
"There is a culture here," Corcoran says of a staff with a reputation for long-term stays. "That is something that they've got to be comfortable in."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.