Aimbridge Hospitality announced Tuesday several leadership changes, including that CEO Michael Deitemeyer will step down at the end of the year.
Deitemeyer has worked at Aimbridge for four years, serving as the hospitality management company’s Global President following its merger with Interstate in October 2019. The near-40-year hotel industry veteran assumed the role of president and CEO in January 2021.
“We want to thank Mike for his contributions to building the Aimbridge legacy,” said Glenn Murphy, chairman of Aimbridge’s board. “Under his leadership, the company ramped up its commitment to appointing and developing top talent, led several strategic acquisitions that allowed the company to gain a foothold in new markets, and strengthened our relationship with [the] world’s top brands.”
Murphy will lead an executive committee of the board in search of a CEO replacement. Aimbridge did not cite a reason for Deitemeyer’s departure, which is effective Dec. 31.
Aimbridge simultaneously announced that CFO Thomas Song will depart the company on Nov. 30 for an opportunity outside of the hotel industry. A new CFO will be named at a later date, Aimbridge said.
Additionally, Stephen Joyce and Bernardo Hees were appointed Aimbridge board members Tuesday. Joyce has more than four decades of multi-brand and franchisee experience, including a near-decade stint as president and CEO of Choice Hotels International. Hees held CEO roles at Burger King Worldwide Holdings Inc. and The Kraft Heinz Company.
The leadership shakeup comes after Aimbridge Hospitality was named a top hotel management company for guest satisfaction by J.D. Power earlier this year.