Hilton Hotels Corporation Selects Ernst & Young as Independent Auditor

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–May 23, 2002–Hilton Hotels Corporation (NYSE:HLT) announced today that its Board of Directors, with the concurrence of its Audit Committee, has selected Ernst & Young as the company's independent auditor for 2002, replacing Arthur Andersen.
The appointment of Ernst & Young was made after careful consideration by the Audit Committee, the Board of Directors and management of the company.
The decision to change auditors was not a result of any disagreement between the company and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.
Arthur Andersen has served as Hilton's independent auditor since 1981. We appreciate the excellent service and professionalism Andersen provided Hilton, and thank the firm, and particularly those individuals who worked on our account, for their years of service, said Matthew J. Hart, executive vice president and chief financial officer of Hilton.