Carol Lynton has been named as an independent member of Gaming and Leisure Properties’ board of directors, the real estate investment trust specialising in casino properties.
The appointment follows the announcement made by the company in its proxy statement of 30 April 2019 that the board’s nominating and corporate governance committee partnered with an executive search firm to select and appoint a new board member to diversify its composition in terms of gender, race, ethnicity and age diversity.
The Dinex Group’s co-founder and managing partner, which runs 17 Daniel Boulud branded restaurants, Lynton also co-founded Telebank, an internet banking company purchased in 1999 by E*Trade.
In addition to serving as an investment analyst at Sanford C Bernstein, a financial services company, Lynton has also previously held the position of mergers and acquisition analyst at Lehman Brothers.
She has also served as HD American Trust’s chief investment officer since 1987, a family investment office founded in 1987 that invests across a wide range of asset classes. Lynton is responsible for choosing asset managers, allocating funds, liquidity and optimising criteria with direct management responsibility for the venture capital and immovable portfolio of the company.
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.”