Penn National names new CFO

Penn National Gaming has announced that David Williams is the new Chief Financial Officer (CFO).

US.- Penn National Gaming has announced that it has brought a former Apple executive with over 20 years of finance to the Chief Financial Officer (CFO) role. David Williams will be in charge of that position effective March 3, 2020.

Williams will also be executive vice president, subject to customary regulatory approvals. He joins Penn National following more than twenty years as a finance executive at Apple, and succeeds William Fair, who announced his decision to step down back in September 2019.

The new CFO will be responsible for all of the company’s financial and treasury functions, as well as helping to develop and support the company’s strategic growth initiatives, including its burgeoning iGaming and sports betting businesses.

Penn National Gaming Chief Executive Officer, Jay Snowden, commented: “Dave brings extensive technology, financial, and strategic growth experience to his new role. His background will be an invaluable asset to our senior management team, finance and accounting departments, and Board of Directors as we continue to evolve from the nation’s largest regional gaming operator, with 41 properties in 19 states, to a best-in-class omni-channel provider of retail and online gaming and sports betting entertainment.”

“Finally, I want to express my sincere gratitude to B.J. for his many contributions to Penn National’s success over the last five years and for helping to ensure that this CFO transition will be managed seamlessly and efficiently. On behalf of the Board of Directors and everyone at Penn National, we wish B.J. the very best in all of his future endeavours.”