Baton Rouge, Louisiana based out-of-home advertising company Lamar announces the hiring of Jay Johnson as its chief financial officer. He will assume his role on Oct. 1.
Johnson, 42, has been executive vice president and CFO for DiamondRock Hospitality Co., a real estate investment trust, since April 2018. Before working at DiamondRock, Johnson was at Host Hotels & Resorts, an S&P 500 company, where he completed more than $14 billion in debt and equity capital transactions in 12 countries.
“Jay’s experience as a public company CFO, familiarity with the capital markets and real estate investors, and energy and strategic perspective make him a great fit for us,” says Sean Reilly, Lamar’s CEO. “We are excited that he will be joining our team.”
Johnson will succeed Keith Istre, who announced in January that he would be retiring at the end of this year. On Oct. 1, will become chief financial officer emeritus and help Johnson transition into his new role.
“I am thrilled to join this great company and help Sean and the entire organization continue the success of Lamar,” says Johnson. “Keith is a talented executive who has built an exceptional finance platform, and I look forward to working with him through this transition. Furthermore, I could not be more pleased to return home to Louisiana.”
Johnson is a native of Bastrop, Louisiana.