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Choice Hotels outgoing CEO to take same post at DineEquity

Choice Hotels International Inc.'s exiting CEO Stephen Joyce will take on the same post at DineEquity, the parent company of Applebee's Neighborhood Grill and Bar and IHOP restaurants, with effect from Sept. 12.

Joyce will be stepping down from the Choice Hotels board, but will remain on DineEquity's board of directors.

COO Patrick Pacious, who was tapped to replace Joyce in July, will start his tenure as president and CEO of Choice Hotels on Sept. 12. Pacious will also be joining the company's board until the 2018 annual meeting of shareholders.