Gaylord Entertainment Co. named David Kloeppel as the company's president on Friday, among other management changes.
In his new role, Kloeppel, 39, will oversee marketing, media and entertainment. He will continue his duties as the company's chief financial officer. Kloeppel will earn a base salary of $625,000.
"Dave's wealth of financial experience as well as his knowledge of operational excellence will serve our company well as we navigate the extraordinary economic climate that the nation presently faces," said Gaylord CEO and Chairman Colin V. Reed, 61. Reed had been serving as president.
Kloeppel has been Gaylord's CFO for seven years. Before joining Gaylord, he was vice president of mergers and acquisitions at Deutsche Bank in New York.
Gaylord also announced other management changes on Friday. Rich Maradik, senior vice president and chief information officer, also will be chief marketing officer. Maradik will lead the efforts on Gaylord's improved customer relationship management systems.
Gara Pryor, vice president of compensation, will become the senior vice president of human resources.
Carter Todd, general counsel and senior vice president, was promoted to executive vice president and will serve as chief compliance officer. He will retain his general-counsel duties.
This week Gaylord's stock price dropped 25 percent to close at $6.01 a share on Friday on the New York Stock Exchange.
The decline in stock price began this month when the company announced weak third-quarter results.
On Monday, Gaylord said it was canceling its plans to build a resort and convention hotel in Chula Vista, Calif., because of infrastructure costs and a long and complicated approval process.
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