August 19, 2020 – Gaming and Leisure Properties Inc. has announced that Steven T. Snyder will be stepping down as CFO effective August 31, 2020. The company has retained Korn Ferry to lead a search for Mr. Snyder’s successor and will evaluate internal and external candidates for the position.
Korn Ferry notes that finding outside candidates requires in-depth sector knowledge and strong relationships. Even more importantly, the ability to identify qualified internal candidates and develop a thoughtful succession strategy is critical.
“The board and senior management’s search for a new chief financial officer is focused on identifying a forward-thinking finance executive who can support Gaming and Leisure Properties’ further growth and the enhancement of shareholder value,” said Peter M. Carlino, CEO of Gaming and Leisure Properties.
Today’s high-level financial officers must possess an impressive skill set. “They must have strategic finance skills in capital planning, mergers and acquisitions, business planning, investor relations, tax, and FP&A – as well as the operational capabilities to grow a business and manage change,” said Korn Ferry. “In addition, they must be able to guarantee the integrity of the organization’s financial condition and reported results, enhance shareholder value, establish optimal risk management, and keep a sharp eye on costs — all while under scrutiny from the government, the board directors, and the shareholders.”
Korn Ferry’s financial officer center of expertise assists companies in attracting, developing, and retaining chief financial officers and senior finance executives who possess best-in-class leadership, finance, and operational skills. The firm leverages a deep database and broad industry coverage to source qualified outside talent, and we deliver smart solutions for identifying and cultivating talent from within. Once these financial leaders are in place, Korn Ferry builds comprehensive organizational solutions that train, support, compensate, and retain them as they build strong talent foundations that will maximize productivity and ensure the organization’s financial future.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, PA. It was formed in 2013 as a corporate spin-off from Penn National Gaming. The company owns 44 casino properties and operates two of them.