La Quinta Holdings Inc. announced that Wayne Goldberg has stepped down from his leadership positions in the company by mutual agreement with the company's Board of Directors. The Board has appointed Keith Cline, the Chief Financial Officer, as interim President and Chief Executive Officer, effective immediately. Mr. Goldberg joined the company in 2000 and has served as President and CEO since 2006.

In announcing his departure, Mr. Goldberg reported that he has fulfilled his goals at La Quinta. Mr. Cline has served as La Quinta's Executive Vice President and Chief Financial Officer since January 2013, and helped to lead the company through its successful initial public offering in April 2014. From 2011 to 2013, prior to joining La Quinta, he was Chief Administrative Officer and Chief Financial Officer at Charming Charlie Inc., and from 2006 to 2011, Mr. Cline was Senior Vice President of Finance at Express Inc.