LodgeNet Realigns Its Business into Three Operating Divisions

  • LodgeNet Interactive Corporation
  • 09.02.08
LodgeNet Interactive Corporation (Nasdaq: LNET - News), announced that it will be realigning its organization around its three key business units: hospitality, healthcare and the hotel networks.

As part of this realignment, its operations addressing the hospitality and healthcare markets will be organized into two divisions. The Hotel Networks, the media marketing division, will continue to operate as a wholly-owned subsidiary of the Company.

"As our company continues to grow and evolve, we believe we can best enhance shareholder value by creating more tightly integrated teams with a clear focus on driving results within the markets they serve," said Scott C. Petersen, Chairman and CEO of LodgeNet. "We believe we have outstanding opportunities to create increased shareholder value within our hospitality, healthcare and media marketing businesses, and this new organizational structure will enhance our ability to deliver innovative new solutions to our current and prospective customers more quickly and effectively."
 
Scott E. Young has been named President of the Hospitality Division
As part of this new organizational structure, Scott E. Young has been named President of the Hospitality division. He presently serves as Chief Marketing Officer of the Company, a position he will retain in the new organization. In his new role, Mr. Young will be responsible for all aspects of the day-to-day management of the Company's Hospitality business division, which spans more than 1.9 million hotel rooms within 9,900 hotel properties. Mr. Young will be charged with driving emerging growth opportunities in Hospitality such as Broadband Solutions and Professional Solutions, as well as managing the company's core Interactive Media business in Hospitality. In support of this new role, Young will now have responsibility for the company's Technical Operations functions, in addition to Sales, Marketing, Programming, Product Management and Content Licensing.

Mr. Young joined the LodgeNet organization in August 2006 after seven years at Best Buy Corporation, during which time he held the positions of Vice President Entertainment, BestBuy.com; Vice President Merchandising, Music; and Vice President of Digital Entertainment. Mr. Young received his undergraduate degree at Yale University and has an MBA from UCLA.




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