Penn National Gaming revealed that David Williams stepped down from his position as a CFO and Executive Vice President. The company announced that Mr. Williams’ position will be filled by the gaming industry analyst Felicia Hendrix.
Penn National Hires the Services of Felicia Hendrix as CFO
Gaming industry giant, Penn National Gaming, announced on Monday that its Executive Vice President and Chief Financial Officer, David Williams stepped down on December 31, 2020. According to the company’s announcement, the new Executive Vice President and CFO of the company will be Felicia Hendrix.
Ms. Hendrix brings more than 20 years of experience as an equity research analyst and will be joining the company on March 2, subject to regulatory approvals. In her new position, Ms. Hendrix will be reporting directly to Jay Snowden, Penn National Gaming’s CEO.
In a statement, Mr.Snowden said that he had long admired Ms. Hendrix for her deep knowledge of the gaming industry, attention to detail, and impressive work ethic. He acknowledged that he is happy to welcome Ms. Hendrix to Penn National’s team and he is confident that she will be able to “hit the ground running in her new role“.
Previously working at Barclays, Ms. Hendrix was a Managing Director and Equity Research Analyst. Before that, she was employed by Lehman Brothers as a Managing Director. As a part of her responsibilities at Barclays, Ms. Hendrix covered the gaming, lodging, and leisure industries. With her extensive experience in multiple industries, she brings a unique perspective to Penn National Gaming.
Penn National Thanks Mr. Williams for His Hard Work and Dedication
Ensuring a smooth transition, Mr. Williams has agreed to stay with the company and provide a temporary advisory role. He deemed his experience at Penn National as exciting. While he was a part of the company, a key partnership was inked with Barstool Sports, but the pandemic has also brought a temporary shutdown of all operations.
“To say my relatively brief tenure at Penn National was a roller coaster ride would be an understatement,”
wrote David Williams in a statement
Mr. Williams added that he is very proud of the way Penn National has responded to the “unprecedented challenges the pandemic presented”. Outlining that this was a planned departure, he revealed that the challenges related to the remote work and the “potential strain of a relocation” of his family are among the reasons that led him to this difficult decision.
Mr. Snowden thanked Mr. Williams for his dedication and support over the last year. Furthermore, he outlined that Mr. Williams was “quickly thrown into the fire“, but stepped up and helped navigate Penn National through the unprecedented challenges brought by the pandemic.