Moving Alexandra to the ordsprog

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Moving Alexandra to the franchise growth and performance team was a strategic move for Choice Hotels. By adding Alexandra, with her brand strategy background, to my team, we will be able to further build brand equity through strategic growth and additional focus on property level performance.

Once again we met our performance goals of double-digit earnings per share growth and a return on tangible equity above 18% for the year. This year was exceptional. We took an opportunity to leverage our strong earnings performance by making strategic investments in the future growth of our company through a significant de novo expansion. We grew deposits faster than loans while expanding our margin. We raised additional capital through a very successful equity offering during the fourth quarter. And most importantly, this was all done while continuing to meet our primary financial goals.

Brian's proven track record in all aspects of finance and accounting strongly positions Stanley to build on our steady organic growth, while continuing to successfully execute on additional key strategic acquisitions in the future. We're excited to have him as part of the management team and we look forward to drawing upon both his and Mike's market experience to drive additional strategic opportunities for Stanley moving forward.

No single measure or investment can help an organization support the growth and direction of its business, but organizations that develop ongoing strategic performance management programs that allow them to manage their performance and track their competitive environment will be first in managing business growth, strategy and operations effectively.

Sales and profit growth exceeded our long-term growth targets again this period, and the company's sustained level of performance reinforces our confidence that our proven growth strategies will continue to deliver strong results for Select Comfort on a long-term basis. Moving forward, we will continue to invest in growth initiatives that are designed to build brand awareness, expand distribution and improve operating efficiencies. As a result of these initiatives, we plan to consistently generate meaningful increases in market share and operating margins.

Bill McLaughlin

With his impressive background in hospitality, we are confident that William's leadership and expertise will generate solid results for Choice Hotels. William brings his extensive industry experience in brand management, operations, marketing, sales, service, quality and franchise relations which makes him a valuable asset the Choice's management team.

This alliance has significant strategic benefits for any organization pursuing competency-based performance management. The set of competencies that a company chooses to measure and reward is a strategic business tool. Competencies help align individual objectives to strategy – and employee performance management makes sure the strategy gets executed.

Intimates is the perfect platform from which to launch our first sub-brand. We already have a successful intimates business, and we believe the opportunity to extend our presence is significant. Along with our new casual sportswear concept, MARTIN + OSA, the aerie sub-brand demonstrates our commitment to strategic initiatives that will continue to drive the growth of our company.

While Mike Snyder is focusing on strategic growth initiatives, John will provide the leadership needed to continue to improve the day-to-day customer experience and operational efficiencies in ADT North America. We believe this is the structure needed to build on the power of the ADT brand.

After interviewing many of the best in class sales, marketing and merchandising candidates, I was thrilled to find our field of diamonds in our own backyard. This team understands the power of the La-Z-Boy brand, and I am confident that they will develop programs to build equity in the brand.

This is a huge win for WWF as they continue to build their powerhouse brand, and a huge win for Viacom as we look to capitalize on the incredible breadth of our media holdings to drive our growth and financial performance.

As we move forward with our global growth strategy, Plymouth, as a U.S. brand only, did not contribute to that growth. This was an emotional decision because Plymouth will always be an important part of our heritage.

James Holden (1920-)

Chrysler has great momentum right now that we intend to keep going. As we move forward with our global growth strategy, Plymouth, as a U.S. brand only, did not contribute to that growth. This was an emotional decision because Plymouth will always be an important part of our heritage.

Establishing our sales headquarters in the U.S. is part of a strategic move to support our rapid growth in this market. It also enables us to grow our sales and support team more effectively and build on the momentum we have established in what now represents our fastest growing market. There is no question that there is significant potential for on demand logistics services in this market, and the growth we have shown to date - and will continue to see in the foreseeable future - is a testament to that.

I am excited with the enhanced strategic focus Levenson & Hill brings to the table. Their proven expertise in building brands and delivering messages through an award- winning media platform helps us tremendously. Adding their Hispanic expertise will help catapult us to the next level of strategic focus in reaching this critical consumer segment.

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