LOS ANGELES, 2014-10-7 — /Travel PR News/ — Oakwood Worldwide, the global leader in corporate housing and serviced apartments, is pleased to announce that Bill Foltz, the company’s chief financial officer (CFO), was honored as Los Angeles Business Journal’s 2014 CFO of the Year in the large private company category. The finalists and winners of the 8th annual CFO of the Year Awards were recently announced at a luncheon and awards ceremony in Los Angeles.
“I know that a big part of why I received this honor is because I am fortunate to be part of a company that is still driving category-leading innovation after 50 years as the industry leader, “ said Bill Foltz, CFO, Oakwood Worldwide. “While it was my name that was called, I know that I really accepted it on behalf of everyone at Oakwood Worldwide, particularly Howard Ruby, our founder, and our entire executive team which strongly support and encourage us to think in new ways.”
The CFO of the Year Awards honor finance professionals in the Los Angeles region for their ongoing efforts as outstanding financial stewards. Foltz has served as Oakwood Worldwide’s CFO since 2009. Some of his proudest career accomplishments have taken place at the company and include sourcing and negotiating the acquisition of ExecuStay from Marriott International, further establishing the company’s global presence through the $4 billion joint venture with Mapletree Group, and expanding Oakwood Worldwide’s international business by overseeing the operations of Oakwood Asia Pacific.
“We are thrilled to extend our congratulations to Bill for this well-deserved recognition by the Los Angeles Business Journal,” Ric Villarreal, president of Oakwood Worldwide, said. “Bill’s tireless work ethic, great judgment and immense talent make him an excellent CFO and leader. His outstanding contributions to the organization over the past five years have helped propel our global expansion. Not only that, he also brings passion and a sense of humor that elevates the dynamic of everything he’s involved with at Oakwood Worldwide.”
Prior to joining Oakwood Worldwide, Foltz served as CFO for more than 25 years to various organizations including the Los Angeles Dodgers, Platinum Equity and Roll Global. Earlier in his career, Foltz was a manager at Ernst & Young. Foltz is a Certified Public Accountant and holds a bachelor’s degree in accounting and finance from the University of Southern California.
About Oakwood Worldwide
Oakwood Worldwide is the premier provider of corporate housing and serviced apartment solutions through its well known brands, Oakwood, ExecuStay and Insurance Housing Solutions™. With a presence in all 50 United States and more than 85 countries, the company provides move-in-ready furnished accommodations to meet the needs of global organizations and business travelers alike. Oakwood Worldwide is based in Los Angeles with a Worldwide Sales and Service Center in Phoenix and regional headquarters in London, Singapore and Toronto. For more information, please visit OakwoodWorldwide.com.