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Thursday, June 13, 2024

Aimbridge Names William Davenport Chief Monetary Officer

PLANO, Texas—Aimbridge Hospitality introduced William Davenport as its new chief monetary officer, efficient July 8. Davenport will sit on the group’s govt management crew and report on to Craig S. Smith, CEO.

As chief monetary officer, Davenport will oversee the monetary administration of the corporate and have direct duty for accounting, monetary planning and evaluation, compliance, tax, treasury, and procurement. He’ll use greater than three a long time of expertise throughout high-growth companies in hospitality, eating places, franchising, and personal fairness to assist drive Aimbridge’s international growth technique, construct new core competencies, rework monetary reporting programs, and simplify processes to reinforce the companies offered to the corporate’s homeowners, model companions, and distributors.

“As we construct on our trade management and focus in on cultivating a collaborative, performance-driven tradition, we plan to leverage William’s confirmed expertise and management to strengthen our crew and companies,” Smith mentioned. “His observe file of creating dynamic infrastructures, capabilities, and programs will improve our enterprise mannequin by creating velocity, efficiencies, and sustained property efficiency, resulting in the outsized outcomes for our homeowners and companions.”

Davenport joins Aimbridge following his most up-to-date position as chief monetary officer with Velvet Taco. Earlier than Velvet Taco, he served as chief monetary officer at Topgolf for a decade the place he helped the idea develop from 9 venues to its present scale of greater than 80 U.S.-based places, a world footprint, and revenues exceeding $1.75 billion. Davenport was a part of Topgolf’s development journey, together with hiring purposeful expertise and scaling the crew, working with capital markets, and overseeing the combination of Topgolf into Callaway Golf following the model acquisition.

“Aimbridge is extremely properly positioned for development, which makes this an thrilling time to affix the corporate and be a part of shaping the imaginative and prescient for the longer term,” mentioned Davenport. “I sit up for leveraging my numerous expertise in hospitality and franchising to assist the corporate deepen its hotel-centric method, enhance the companies we offer at scale, and notice its companions’ aggressive development targets.”

Davenport’s expertise additionally consists of senior-level finance management roles at Haggar Clothes Co, Neiman Marcus Group, and Brinker Worldwide Inc., after starting his profession at KPMG Peat Marwick.

Davenport will work with the senior management crew, together with the corporate’s lately appointed Chief World Development Officer Eric Jacobs and its information Chief Authorized Officer Greg Moundas.

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