Colin Reed named Executive Chairman at Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) (the "Company") today announced Chairman and Chief Executive Officer Colin Reed will transition to Executive Chairman of the Company after more than 21 years as CEO. The Company's Board of Directors has appointed President Mark Fioravanti to succeed Reed as Chief Executive Officer, under the title President and Chief Executive Officer, effective January 1, 2023.
Reed's role as Executive Chairman will include his responsibilities as Executive Chairman of the Company's Board of Directors and as Chairman of the Opry Entertainment Group ("OEG") Board of Directors. Reed will also focus on working with OEG strategic investor Atairos and with NBCUniversal to unlock opportunities for value creation; advancing the Company's ESG and Diversity, Equity, and Inclusion goals; and community and government affairs. Reed will continue his role with artist and shareholder relations alongside Fioravanti.
Since joining predecessor company Gaylord Entertainment in 2001, Reed led a strategic reorganization of the Company's holdings, divesting non-core assets and refocusing the Company under its Hospitality and Entertainment segments. In the years that followed, the Company built a portfolio of hotel assets, flagged under the Gaylord Hotels brand, which now includes five of the top 10 largest non-gaming resort and convention center hotels in the United States. Reed instituted a people-first philosophy that created high levels of employee satisfaction and retention in the Company's core Hospitality business, leading to strong customer loyalty that endures today. In 2012, Reed led the Company through its conversion to a Real Estate Investment Trust (REIT) after selling the Gaylord Hotels brand and the rights to manage its hotels to Marriott International. Since then, the Company has strategically improved and added to its one-of-a-kind portfolio of purpose-built resort and convention center assets and its growing entertainment portfolio of iconic and emerging music brands.
Nashville, Tennessee
United States
