Red Lion Hotels Corporation names Jon Eliassen president, CEO

SPOKANE, Wash. — Red Lion Hotels Corporation announced that Jon E. Eliassen has been named president and CEO by the company's board of directors, removing his previous interim status.

Eliassen has served as interim president and CEO since January 2010, when he replaced Anupam Narayan. Prior to that appointment, Eliassen served on the company's Board of Directors since September 2003.

"Having assumed the role of Interim President and CEO during a challenging time for the lodging industry and the company, the Board is very pleased with the strides Red Lion has made under Jon's leadership," said Donald K. Barbieri, Chairman of the Board of Directors for Red Lion Hotels Corporation. "We are confident in the strategy set by Jon and his executive team to grow the brand and increase shareholder value."

Eliassen was president and CEO of the Spokane Area Economic Development Council from 2003 until 2007. He retired in 2003 from his position as Senior Vice President and Chief Financial Officer of Avista Corp., a publicly-traded diversified utility. During his 33 years at Avista, Eliassen participated in the development of a number of successful unregulated subsidiary companies including Itron, Avista Labs and Avista Advantage.

Eliassen currently serves as chairman of the board of directors of Itron Corporation, serves as a member of the board of directors of IT Lifeline, Inc., and is the principal of Terrapin Capital Group, LLC.

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