Hersha Hospitality Trust Plans Leadership Transition
Changes to Chairman, President, and Chief Executive Officer roles
Hersha Hospitality Trust plans several changes in is executive team and board.
Founder, Hasu P. Shah, intends to retire as Chairman of the Board of Trustees on December 31, 2022, after 38 years with the Company. The Board has selected Chief Executive Officer Jay H. Shah to become Executive Chairman of the Board, and President and Chief Operating Officer Neil H. Shah to become President and Chief Executive Officer and join the Board of Trustees, both appointments to be effective as of January 1, 2023.
The company will be eliminating the role of Chief Operating Officer.