Gaylord president to leave in a month

Reed's right-hand man not needed in new REIT structure

David Kloeppel, a senior Gaylord Entertainment executive since 2001 and the company's president since late 2008, will leave the company Nov. 1 after its conversion into a real estate investment trust.

The 42-year-old Kloeppel is the most senior officer not making the switch to what will next week become Ryman Hospitality Properties. Gaylord investors on Tuesday voted to approve the company's planned sale of its hotel/convention center brand and management rights to Marriott International. As a result, the new Ryman REIT entity will not need the hotel operations infrastructure that had been led by Kloeppel.

Kloeppel came to Gaylord in September of 2001 as CFO after working in the lodging mergers and acquisitions group at Deutsche Bank in New York. He was named president in November of 2008 and COO in June of the following year. He is a graduate of Vanderbilt University as well as its Owen Graduate School of Management.

"The board and I would like to sincerely thank Dave, who in his 11 years at Gaylord as chief financial officer and then president and chief operating officer, was a driving force behind many of the operational and strategic initiatives that helped us strengthen our group business and expand our transient and leisure offerings," said Chairman and CEO Colin Reed. "We wish Dave the best of luck in his future endeavors."

In addition to Reed, the rest of Ryman Hospitality's executive roster will look like this:

• CFO Mark Fioravanti
• General Counsel Carter Todd
• Patrick Chaffin, senior vice president of asset management
• Bennett Westbrook, senior VP of investments, design and construction
• Steve Buchanan, senior VP of media and entertainment