Pinnacle Appoints Ellis Landau to Board of Directors
JANUARY 11, 2007. Pinnacle Entertainment, Inc. (NYSE: PNK) announced that Ellis Landau, a casino industry veteran with more than 30 years' experience as a financial executive in the gaming and hospitality industries, has been appointed to its Board of Directors.
Mr. Landau, 62, recently retired as Executive Vice President and Chief Financial Officer of Boyd Gaming Corporation, which during his 16-year tenure transformed from a small private company to a large, successful publicly traded company with gaming properties nationwide. In his role as Boyd's senior financial executive, Mr. Landau oversaw major acquisition and development transactions; raising of equity, debt and bank capital; and relationships with Wall Street and institutional investors. He also served on Boyd Gaming's Management Committee, and participated in all board and committee meetings, including audit and compensation.
Prior to joining Boyd, Mr. Landau served in various capacities as a financial executive with Ramada Inc., which became Aztar Corporation, for 19 years. He also worked for U-Haul International in Phoenix, Arizona, and the Securities and Exchange Commission in Washington, D.C.
A native of Philadelphia, Mr. Landau holds a bachelor of arts degree in economics from Brandeis University and a master's degree in finance from Columbia University School of Business. After serving in the U.S. Army, Mr. Landau settled in Phoenix, where he raised two children, Rachel and David. He is married to Yvette Landau, who served as general counsel for Mandalay Resort Group prior to its acquisition by MGM Mirage in 2005. She is currently a principal in the Las Vegas-based construction firm W.A. Richardson Builders.
Mr. Landau replaces Timothy Parrott, who previously resigned from Pinnacle's Board of Directors to become President and Chief Executive Officer of the Americas business of Aristocrat Technologies, a major manufacturer of electronic gaming devices and systems. Mr. Landau is active in a number of charitable and philanthropic activities.
"We're very pleased to welcome Ellis Landau to our board," said Daniel R. Lee, Pinnacle's Chairman and Chief Executive Officer. "He is an experienced industry expert with great insight into both the development of individual gaming properties and the functions of a public, multi-jurisdictional gaming company. His expertise will be invaluable as we develop our ambitious growth pipeline, which includes major new resorts in Missouri, Louisiana and New Jersey. He is also an individual with great judgment and integrity."
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