Carol Lynton has been named as an independent member of the board of directors of Gaming and Leisure Properties, the real estate investment trust that specialises in casino properties.
The appointment follows the firm’s disclosure in its April 30, 2019, proxy statement that the nominating and corporate governance committee of the board was working with an executive search firm to identify and appoint a new member of the board to diversify its composition as it relates to gender, race, ethnicity and age diversity
Bringing the total number of board members to seven, six of which are independent, GLPI lauds the “valuable perspectives” that Lynton will bring to the organisation.
The co-founder and operating partner of The Dinex Group, which operates 17 Daniel Boulud branded restaurants, Lynton also co-founded Telebank, an internet banking firm that was acquired by E*Trade in 1999.
Furthermore, as well as serving as an investment analyst at financial services company, Sanford C Bernstein, Lynton has also previously occupied the role of 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 across a broad range of asset classes. At the firm 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.
Peter Carlino, chief executive officer, explained: “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 scrutinise 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.”