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Penn National Gaming Names David Williams Chief Financial Officer
Former Apple Inc. Executive Brings Over 20 Years of Finance, Technology and Strategic Management Expertise to New Role WYOMISSING, Pa.--(BUSINESS WIRE)--
About this update from Penn Entertainment, Inc.
[{"type":"text","content":"\n Former Apple Inc. Executive Brings Over 20 Years of Finance, Technology and Strategic Management Expertise to New Role\n\n WYOMISSING, Pa.--(BUSINESS WIRE)--\nPenn National Gaming, Inc. (Nasdaq: PENN) (“Penn National” or the “Company”), announced today the appointment of David (“Dave”) Williams, as Executive Vice President and Chief Financial Officer, effective March 3, 2020, subject to customary regulatory approvals. Mr. Williams, who joins Penn National following more than twenty years as a finance executive at Apple Inc. (Nasdaq: AAPL), succeeds William (“B.J.”) Fair, who in September 2019, announced his intention to step down from his role at the Company. Mr. Williams will report directly to Penn National’s Chief Executive Officer, Jay Snowden.\n\n\nIn his new role at Penn National, Mr. Williams 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.\n\n\nSince 2012, Mr. Williams has served as Chief Financial Officer and Controller of Apple Inc.’s Claris division (formally known as FileMaker). Claris is Apple’s B2B software subsidiary, which provides the leading platform for developing custom apps that are deployed on premise or in the cloud by businesses worldwide.\n\n\nPenn 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.”\n\n\nAs CFO of Claris, Williams was responsible for all aspects of the division’s finance and strategic planning, which helped Claris achieve consistent growth and profitability. In addition, Williams managed the division’s information systems and operations functions and played a key role in transitioning Claris from a packaged Macintosh software company to a cross-platform, multi-channel, subscription-based cloud business model. Mr. Williams joined Apple Inc.’s AppleSoft division i...