Summary
- Two directors from PENN Entertainment will not seek reelection, as one has retired from his position.
- The company intends to nominate Johnny Hartnett and Carlos Ruisanchez for election.
- The two potential nominees are anticipated to bring a "fresh perspective" during a crucial phase of the company's growth.
PENN Entertainment, a top provider of integrated entertainment, casino gaming experiences, and sports content, has announced forthcoming changes to its Board of Directors.
Two experts to be nominated for election to the company's Board
The company has announced that Ron Naples will retire from his position on the Board of Directors, effective immediately. Meanwhile, PENN Entertainment has revealed that Saul Reibstein and Barbara Shattuck Kohn have decided not to seek reelection at the company's 2025 Annual Meeting of Shareholders. In response to these changes, PENN Entertainment announced late last week its intention to nominate Johnny Hartnett and Carlos Ruisanchez for election to its Board of Directors. This decision follows negotiations with HG Vora Capital Management. According to a statement by PENN Entertainment, after a review by the Board's Nominating and Corporate Governance Committee and considering the nominees' relevant qualifications and experience, the Board plans to nominate Mr. Hartnett and Mr. Ruisanchez to fill the two available Class II director seats at the Annual Meeting.
Hartnett and Ruisanchez are experienced executives with solid experience
The executives boast vast experience in the gaming and hospitality industries, among others. Hartnett served as the Chief Executive Officer at Superbet Group from 2019 to 2023. In 2024, he was appointed to the company's Board. During his leadership, Superbet Group experienced significant market growth and achieved ambitious targets. In addition to his tenure at Superbet Group, Hartnett brings 20 years of experience with Flutter Group, where he held various senior positions, including Managing Director of Paddy Power Betfair Online and Chief Operating Officer of Sportsbet in Australia. Ruisanchez, another potential nominee for PENN Entertainment's Board of Directors, also has substantial experience in business management and growth. He spent a decade, from 2008 to 2018, at Pinnacle Entertainment, Inc., a leading gaming and entertainment company. Ruisanchez began as Executive Vice President of Strategic Planning and Development and became Chief Financial Officer in 2011. He eventually advanced to President and Chief Financial Officer, maintaining the role until Pinnacle's sale in 2018. PENN Entertainment's Board of Directors expressed enthusiasm for Hartnett and Ruisanchez's
