McKibbon restructures C-suite following retirements

Hotel development and management company McKibbon Hospitality has named successors to CEO Vann Herring and President David Hughs, who, along with Chairman John McKibbon, have retired.

Randy Hassen succeeds Herring as CEO and will guide the management company’s long-range planning and strategic direction. Bruce Baerwalde has been promoted to president, responsible for driving peak performance in McKibbon’s portfolio of hotels and restaurants.

“Randy and Bruce are exceptional leaders who have dedicated their 25-plus-year careers to McKibbon and serving others,” said Herring. “They have successfully and strategically guided the management company’s continued growth and evolution, navigating every challenge we’ve faced with determination and true leadership.”

CFO Joe Taggart succeeds Hughs and is now serving as the president of McKibbon Hotel Group, while continuing to oversee the financial well-being of all McKibbon entities, including McKibbon Hospitality, McKibbon Places, McKibbon Family Investment Fund and McKibbon Equities.

Carrying on the family legacy, J.B. McKibbon IV has been named president of McKibbon Equities, a newly developed arm of the company responsible for new development and asset management of McKibbon-owned properties as well as the McKibbon Family Investment Fund.

Over the past two years, McKibbon Hospitality has assumed management of 25 new hotels and four new restaurants, bringing its current portfolio to 97 total hotel properties and eight food & beverage outlets throughout the U.S.