Lamar Advertising Company (Nasdaq: LAMR), a leading owner of outdoor advertising and logo sign displays has announced that Jay Johnson has been appointed Chief Financial Officer effective October 1, 2019.
Jay Johnson, 42, has served as Executive Vice President and Chief Financial Officer of DiamondRock Hospitality Company (NYSE: DRH) since April 2018, where he has led all financial activities for the lodging real estate investment trust, including treasury, investor relations, tax, risk management, financial reporting and analysis and capital raising.
Prior to joining DiamondRock, he served as Senior Vice President and Treasurer at Host Hotels & Resorts (NYSE: HST), an S&P 500 company, where he completed more than $14 billion in debt and equity capital transactions in 12 countries.
He is a native of Bastrop, La. and will succeed Keith Istre, who announced in January his intent to retire from Lamar on December 31, 2019. Mr. Istre will become Chief Financial Officer Emeritus on October 1, 2019 and help Mr. Johnson transition into his new role.
Mr. Johnson received an MBA from Harvard Business School and a BA in economics from Morehouse College.