What responsibilities will Eubanks continue to support related to Braemar and Ashford Trust?

He will support the sale process for Braemar and the ongoing asset dispositions at Ashford Trust. According to the company, his focus remains on completing those strategic processes during the transition.

ASHFORD ANNOUNCES PLANNED RETIREMENT OF CHIEF FINANCIAL OFFICER DERIC EUBANKS

Q: When will Ashford (AHT) CFO Deric Eubanks officially step down?

He will step down as Chief Financial Officer effective March 31, 2026 . According to the company, he will continue assisting with financial and transitional matters through June 30, 2026 and remain available as an advisor thereafter.

Q: How long was Deric Eubanks' tenure at Ashford before his planned retirement?

Eubanks served 23 years with the company and its predecessor. According to the company, he served as Chief Financial Officer for the past 12 years and emphasized continuity during the transition.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Very Positive)

Rhea-AI Summary

Ashford (NYSE:AHT) announced that Chief Financial Officer and Treasurer Deric Eubanks will step down as CFO effective March 31, 2026 and retire in June after a 23-year tenure. He will continue assisting through June 30, 2026 and remain available as an advisor.

Justin Coe, current Chief Accounting Officer, will assume the role of Principal Financial Officer for the company and its advised REITs, while Eubanks supports the sale process for Braemar and Ashford Trust asset dispositions during the transition.

Positive

Planned CFO transition effective March 31, 2026 with overlap through June 30, 2026
Internal succession: Justin Coe promoted to Principal Financial Officer for the company and advised REITs
CFO brings 23 years of institutional continuity across Ashford and predecessor entities

Negative

Departure of long-serving CFO Deric Eubanks effective March 31, 2026 represents a material executive change

News Market Reaction – BHR

-3.51%

-3.51% Session close to close

In the Mar 6 session, BHR declined 3.51%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/06/2026 - 10:05 AM

DALLAS, March 6, 2026 /PRNewswire/ -- Ashford Inc. (the "Company") today announced that Deric Eubanks, Chief Financial Officer and Treasurer, will retire in June following a 23-year career with the Company and its predecessor. Mr. Eubanks will step down as Chief Financial Officer of the Company and the Company's advised REITs, Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust") and Braemar Hotels & Resorts, Inc. (NYSE: BHR) ("Braemar") effective March 31, 2026 and, in order to ensure a smooth transition, will continue to assist the Company, as Senior Managing Director, with financial and transitional matters until June 30, 2026. Afterward, he will continue to remain available as an advisor as needed.

Monty Bennett, Ashford's Chairman, commented, "Deric has been with us since 2003 when we launched Ashford Hospitality Trust. He has played an integral role in our companies over the years and has served as Chief Financial Officer for the past 12 years. What speaks to Deric's character is that even as he prepares for this next chapter, he has been unwavering in his commitment to seeing the strategic processes for both Braemar and Ashford Trust through to completion. That dedication is a reflection of everything he has brought to this organization over the past two decades. I am deeply grateful for his contributions and know he leaves this Company in an exceptionally strong position."

"It has been a remarkable 23-year career, and I could not be more proud of what this team has built," said Mr. Eubanks. "As I look toward retirement, I want to be clear that my focus remains squarely on the work in front of us. I am committed to supporting the sale process for Braemar and the ongoing asset dispositions at Ashford Trust, and I will not consider my work here done until those processes are well in hand. I have tremendous confidence in the leadership team that will carry this organization forward. Justin and the broader team are exceptionally capable, and I leave knowing the Company is in very good hands. The foundation is strong, the strategy is sound, and the people executing it are among the best in the business."

After Mr. Eubanks steps down as Chief Financial Officer, Justin Coe, the Company's current Chief Accounting Officer, will assume the role of Principal Financial Officer of the Company and its advised REITs.

View original content:https://www.prnewswire.com/news-releases/ashford-announces-planned-retirement-of-chief-financial-officer-deric-eubanks-302706808.html

SOURCE Ashford Inc.

FAQ

When will Ashford (AHT) CFO Deric Eubanks officially step down?

He will step down as Chief Financial Officer effective March 31, 2026. According to the company, he will continue assisting with financial and transitional matters through June 30, 2026 and remain available as an advisor thereafter.

Who will replace Deric Eubanks as Ashford (AHT) principal financial officer?

Justin Coe, currently Chief Accounting Officer, will assume the role of Principal Financial Officer. According to the company, Coe will lead finance for the company and its advised REITs following Eubanks' March 31, 2026 departure.

Will Deric Eubanks assist Ashford during the transition period after announcing retirement?

Yes. According to the company, Eubanks will remain as Senior Managing Director to assist with financial and transitional matters through June 30, 2026 and be available as an advisor afterward.

How long was Deric Eubanks' tenure at Ashford before his planned retirement?

Eubanks served 23 years with the company and its predecessor. According to the company, he served as Chief Financial Officer for the past 12 years and emphasized continuity during the transition.