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Bill Richardson was elected as a director in July 2003. He serves as Chair of the Audit Committee of the Board. He has had a notable career of more than 35 years in the hotel industry. He was Chief Financial Officer of Interstate Hotels & Resorts Inc. (IHR) from February 2004 until his retirement in April 2006. IHR is the nation's largest independent hotel management company managing more than 300 hotels for third-party owners including REITs institutional real estate owners and privately held companies. He also held several executive finance positions with Interstate Hotels Corporation (a predecessor of IHR) most recently Vice Chairman/Chief Financial Officer. In 1981 Bill became Vice President and Corporate Controller of Interstate Hotels Corporation and then Partner and Vice President of Finance with the start-up hotelier Stormont Company in 1984 before re-joining Interstate Hotels in 1988. Bill holds a Bachelor of Arts degree in Business/ Finance from the University of Kentucky. | 