July 13, 2024

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Penn National Gaming’s Chief Fiscal Officer, David Williams, Announces Selection to Phase Down 20-12 months Veteran Gaming Sector Analyst, Felicia Hendrix, Named New Government Vice President and Main Money Officer

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Penn National Gaming’s Chief Fiscal Officer, David Williams, Announces Selection to Phase Down 20-12 months Veteran Gaming Sector Analyst, Felicia Hendrix, Named New Government Vice President and Main Money Officer
Penn National Gaming’s Chief Fiscal Officer, David Williams, Announces Selection to Phase Down 20-12 months Veteran Gaming Sector Analyst, Felicia Hendrix, Named New Government Vice President and Main Money Officer

WYOMISSING, Pa.–(Small business WIRE)–Penn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or the “Company”) announced now that David (“Dave”) Williams, has stepped down as Government Vice President and Chief Monetary Officer (“CFO”) as of December 31, 2020. Having his spot, issue to customary regulatory approvals, will be Felicia Hendrix, who will be signing up for Penn Countrywide as Executive Vice President and CFO on March 2nd next much more than 20 decades as an fairness study analyst covering the gaming, lodging and leisure industries. Ms. Hendrix will be reporting specifically to Penn National’s Chief Executive Officer, Jay Snowden.

Mr. Williams, who has agreed to keep with the Organization in a temporary advisory role to assist make sure a sleek transition, said of his prepared departure: “To say my somewhat quick tenure at Penn Nationwide was a roller coaster ride would be an understatement. We went from the enjoyment of asserting our new partnership with Barstool Sporting activities to the non permanent shutdown of all of our working belongings in my 1st two months on the position. I am extremely very pleased of the way our Company responded to the unparalleled troubles the pandemic presented, and the role I played in helping to increase more than $1 billion in new equity to be ready to weather the storm. Although I am grateful for the opportunity to have been a section of the remarkable team at Penn, the troubles of continuing to perform remotely from the West Coast and the possible strain of a relocation of my relatives through the ongoing pandemic has led me to this tough selection.”

Penn National’s President and Chief Executive Officer, Jay Snowden, commented, “I want to convey my honest appreciation to Dave for his determination and help of our Corporation more than the past yr. He was quickly thrown into the hearth, and I’m grateful for the way he stepped up and aided us navigate our way as a result of the shutdowns of our casinos, ensuing companywide furloughs, and effective funds raises. We would like him all the extremely very best in his long run pursuits.”

“Fortunately, we have somebody of Felicia’s caliber and exhaustive encounter on Wall Road as an equity analysis analyst — who takes place to have covered Penn for the past two many years — to step in as our new CFO,” continued Mr. Snowden. “I have long admired Felicia and her deep expertise of the gaming business, impressive function ethic, sharp wit and focus to depth. I’m self-assured she’ll be in a position to hit the floor functioning in her new role, and we could not be happier to have her formally join our Penn Nationwide Gaming family.”

Felicia Hendrix most a short while ago was a Handling Director and Fairness Research Analyst at Barclays, masking the gaming, lodging and leisure industries and had been constantly identified in the Institutional Investor All Americas Study Team polls. Her diversified protection universe, which spanned organizations with industry caps ranging from $2.5 billion to $45 billion and comprised differing profits bases, charge constructions, leverage concentrations and administration depth, enables Felicia to deliver a one of a kind perspective to Penn National. Prior to becoming a member of Barclays, Felicia was a Handling Director at Lehman Brothers. Ms. Hendrix retains a Bachelor’s Degree from the College of Virginia and an M.B.A from the Darden University of Enterprise at the University of Virginia.

About Penn Nationwide Gaming

With the nation’s greatest and most diversified regional gaming footprint, together with 41 houses throughout 19 states, Penn Nationwide continues to evolve into a really ground breaking omni-channel provider of retail and on the internet gaming, stay racing and sporting activities betting enjoyment. The Company’s properties function somewhere around 50,000 gaming machines, 1,300 desk online games and 8,800 hotel rooms, and function less than various nicely-acknowledged models, like Hollywood, Ameristar, and L’Auberge. Our wholly-owned interactive division, Penn Interactive, operates retail sports activities betting throughout the Company’s portfolio, as properly on the internet social on line casino, bingo, and iCasino merchandise. In February 2020, Penn Countrywide entered into a strategic partnership with Barstool Athletics, whereby Barstool is solely marketing the Firm’s land-primarily based and online casinos and sports activities betting solutions, which includes the Barstool Sportsbook cellular app, to its countrywide audience. The Firm’s omni-channel strategy is bolstered by the myChoice loyalty program, which rewards and acknowledges its about 20 million associates for their loyalty to both equally retail and on-line gaming and sports activities betting products with the most dynamic set of gives, activities, and service amounts in the industry.

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