Management plays a key role in shaping an organization in the desired direction. The management of a publicly traded company is responsible for creating shareholder value. Strong management is the backbone of any successful company.
In this part of the series, we’re looking at the key management executives at Penn National Gaming, Inc. (PENN). PENN is a part of the Consumer Discretionary Select Sector SPDR Fund (XLY) and the VanEck Vectors Gaming ETF (BJK).
Peter M. Carlino, Chairman
Mr. Peter M. Carlino is Chairman and former CEO of Penn National Gaming. Since 1976, he’s been the President of Carlino Capital Management Corp. In February 2013, Mr. Carlino became the Chairman and CEO of Gaming and Leisure Properties Inc (GLPI). Mr. Carlino also served as a director of the American Gaming Association until May 2010.
Timothy J. Wilmott, CEO and President
Mr. Wilmott joined PENN in February 2008 as the President and COO and was appointed as the CEO on November 1, 2013. Previously, Mr. Wilmott served for four years as COO of Harrah’s Entertainment, now known as Caesars Entertainment Corp (CZR). Prior to this, Mr. Wilmott served as president of Harrah’s eastern division from 1997 to 2002.
Jay Snowden, COO
Mr. Snowden joined PENN in October 2011 as Senior Vice President, Regional Operations. In January 2014, he became the COO of PENN. Prior to this, Mr. Snowden was the senior vice president and general manager of Caesars and Harrah’s in Atlantic City.
Saul Reibstein, Senior Vice President and CFO
Mr. Reibstein joined PENN in December 2013 as Senior Vice President and CFO. Previously, Mr. Reibstein served as a member of the company’s board of directors and as chairman of the board’s Audit Committee. Mr. Reibstein also served as a partner at BDO Seidman, LLP—now BDO USA, LLP—for 11 years.
Since July 2010, Mr. Reibstein has served as a member of the board of directors of Vishay Precision Group, where he is chairman of the Audit Committee and a member of both the Compensation and Nominating and Corporate Governance committees.
Next, we’ll take a look at PENN’s shareholders. Does management own any shares in PENN? Read on to find out.