Irvine-based Sunstone Hotel Investors Inc. (NYSE: SHO) announced Thursday that John Arabia has stepped down as chief executive officer and president, effective immediately.Â
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The company’s chairman, Douglas M. Pasquale, will replace Arabia as interim chief executive. Pasquale is the current CEO of investment and consulting firm Capstone Enterprises. Â
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Sunstone added that it will hire an executive search firm to find a permanent replacement for Arabia, who has acted as CEO since 2015. Â