Gaming real estate firm Gaming and Leisure Properties has appointed Carol Lynton to its board of directors as an independent member. The move is in line with the firm’s decision to diversify its board’s composition as it relates to gender, race, ethnicity and age diversity.
Lynton’s appointment brings the total number of directors to seven, six of which are independent members.
Co–founder and operating partner of The Dinex Group, she also co-founded Telebank, an internet banking pioneer. From 1987 through 1990, she was an investment analyst at financial services company, Sanford C. Bernstein, and from 1983 through 1985 was a mergers and acquisition analyst at Lehman Brothers.
Since 1987, she has also served as Chief Investment Officer of HD American Trust, a family investment office formed in 1987, which invests actively across a broad range of asset classes. At HD American Trust, Lynton is responsible for selection of asset managers, asset allocation, liquidity and leverage parameters with direct management responsibility for the firm’s venture capital and real estate portfolio.
Chief Executive Officer Peter M Carlino commented: “Lili brings valuable perspectives to our Board, driven by her extensive experience in the finance, real estate and consumer sectors and public company board background.
“Complementing our current directors, her background expands the diverse viewpoints of our board, which will continue executing our strategic growth plans and driving Gaming and Leisure Properties’ ongoing success and the further creation of shareholder value. The company believes that board diversity is critical to thoroughly assess risk, anticipate challenges and scrutinize the complex, dynamic issues that affect or may affect GLPI and its shareholders and we look forward to benefiting from Lili’s deep range of experience and perspectives.”