Hospitality Co. Carlson Appoints New CFO
Carlson, Inc.—a Minnetonka-based hospitality company whose brands extend into the restaurant, hotel, and travel industries—announced Monday the appointment of a new CFO.
After serving as interim CFO since August 2012, Brad Hall now takes the role in a permanent position. The role was vacated after former CFO Trudy Rautio was named president and CEO following Hubert Joly’s exit to serve as president and CEO at Richfield-based Best Buy Company.
Hall joined Carlson in 1998 and worked in financial planning and analysis, accounting, and internal audit roles within the company. Prior to assuming the interim CFO role, Hall served as Carlson’s vice president of finance and was responsible for the company’s treasury, investment analysis and risk management activities, and strategic planning. According to the company, Hall secured the debt financing for Carlson’s first two Radisson Blu hotels in the United States (in Chicago and Bloomington) and oversaw the share purchases that secured the company’s majority interest in The Rezidor Hotel Group.
“Brad has consistently demonstrated his ability to lead and manage the finances for Carlson’s global hospitality and travel businesses and was the obvious choice for the board,” Rautio said in a statement. “His long and distinguished tenure with Carlson and keen understanding of the financial complexities of our businesses uniquely qualify him for this key leadership position.”
Carlson has recently undergone significant expansion—as a brand and in its physical presence. After its subsidiary Carlson Hotels merged with The Rezidor Group last year, the newly formed Carlson Rezidor Hotel Group announced plans earlier this month to add seven new hotels in India, China, and Indonesia.
Carlson’s current operations include overseeing more than 1,300 hotels and 900 T.G.I. Friday's restaurants, as well as maintaining a majority stake in Carlson Wagonlit Travel, its business travel management division. Carlson operates in more than 150 countries and employs approximately 175,000 worldwide. Carlson is Minnesota’s third largest private company based on revenue.