Penn National Gaming recently named Executive Vice President and Chief Development Officer William Fair as chief financial officer, effective January 1, 2017. Fair, who has held his position since 2014, replaces Saul Reibstein, who will retire at the end of this year but will serve in a transitional capacity until mid-2017. Reibstein had served in his position since 2013. Penn officials said a nationwide search has begun to replace Fair.
Penn National Gaming Chief Executive Timothy Wilmott said, “BJ Fair brings a solid record of corporate growth, strategic development and financial experience to his new role, and he’ll be working alongside a deep and experienced team of operations, marketing, project development and legal professionals to help him execute on our strategic growth initiatives and our near-term priorities to de-lever and strengthen our balance sheet.”
Commenting on behalf of Reibstein, Wilmott said, “Having previously worked with the company for over 15 years in both an auditing and board capacity, Saul helped Penn National maintain its long-term record of growth and success as we continued the expansion of our regional gaming platform, acquired an asset on the Las Vegas strip and leveraged our core competencies in new areas such as social and online gaming and the VGT market. On behalf of the board of directors and everyone at Penn National, we wish him the very best in his retirement and thank him for ensuring that the transition is managed seamlessly and efficiently.”
