LuxUrban Hotels Inc. (NASDAQ: LUXH) announced today executive promotions and an associated transition of leadership responsibilities.
Shanoop Kothari, the Company’s Chief Financial Officer since January 2022, assumed the added responsibility of President of the Company effective November 30, 2022. Jimmie Chatmon, who has served as Executive Vice President since November 2017 and as a director of the Company since November 2021, was promoted to Chief Operating Officer effective November 30, 2022.
Mr. Kothari and Mr. Chatmon assumed their respective new responsibilities from David “Bull” Gurfein, who will transition from his roles as the Company’s President and Chief Operating Officer to become a Senior Advisor to the Company’s CEO.
“It has been an incredible honor to be a part of the LuxUrban growth story and the time is now right for me to redefine my responsibilities,” said Mr. Gurfein. “I have great confidence in the Company’s operations and outlook and look forward to continuing to work with the LuxUrban team to support our ongoing expansion.”
“David is an exceptional leader and has played an integral role in the Company’s growth and evolution,” said Brain Ferdinand, Chairman and CEO. “I am grateful that we will continue to have access to David’s experience, insights, and motivation as a Senior Advisor, where he will support LuxUrban’s growth in key areas such as leadership development and operational excellence.”
He concluded, “Shanoop and Jimmie have a history of delivering superior results for LuxUrban Hotels. I am convinced that they will continue to help define our mission, elevate our industry profile, and build on the record growth that the Company has experienced this past year.”