Ryman Hospitality Properties, Inc. announced Chairman and Chief Executive Officer Colin Reed will transition to Executive Chairman of the Company after more than 21 years as CEO. The Company's Board of Directors has appointed President Mark Fioravanti to succeed Reed as Chief Executive Officer, under the title President and Chief Executive Officer, effective January 1, 2023. In 2002, Reed recruited Fioravanti to join the Company's management team to oversee marketing as the Company further refined its Gaylord Hotels brand.

His roles included Senior Vice President (SVP) of Sales and Marketing for Gaylord Entertainment; President of Gaylord Entertainment's subsidiary ResortQuest, a position he held until 2007; and SVP and Treasurer of Gaylord Entertainment. Fioravanti took on oversight of Finance in 2008 and was promoted to SVP and Chief Financial Officer (CFO) in 2009 after helping the Company successfully navigate the 2008 financial crisis. As the Company's Executive Vice President and CFO from 2011 to 2015, Fioravanti was instrumental in the 2012 REIT conversion and subsequent value creation.

Since the REIT conversion, Fioravanti has overseen initiatives to strengthen the Company's balance sheet, strategically deploy capital for future growth and generate meaningful shareholder returns. He was named President and CFO in 2015. Fioravanti played an important role in managing the Company's response to the COVID-19 crisis, overseeing the Company's cash conservation and managing its liquidity, all while taking steps to retain a stable workforce.

Most recently, he played a leading role in securing a minority interest strategic investor for the Company's growing OEG segment. In February 2022, Fioravanti joined the Company's Board of Directors.