Michael C. HughesMr. Hughes succeeds Andrew J. Welch, who is leaving the company after 15 years of service. Mr. Welch will remain with FelCor through December 31, 2013 to facilitate the transition. Before undertaking his new role, Mr. Hughes served as FelCor’s Senior Vice President, Finance and Treasurer. He joined the company in 2006 as Vice President, Finance and assumed additional responsibilities as the company’s Treasurer in 2009. During his tenure at FelCor, Mr. Hughes played a vital role in the company’s capital markets activities and led FelCor’s corporate forecasting, budgeting, cash management, rating agency relationships and treasury functions. Mr. Hughes has more than 15 years of experience in finance, having also served as the Vice President of Corporate Finance for Wyndham International, Inc. (which he joined in 2002) and as a business consultant with Maverick Management LLC. He was awarded a bachelors degree in business from Rhodes College and is a holder of the Chartered Financial Analyst® designation.