CFO of Gaming and Leisure Properties to step down at end of August

July 28, 2020 1:07 PM
  • CDC Gaming Reports
July 28, 2020 1:07 PM
  • CDC Gaming Reports

Gaming and Leisure Properties is looking for a new chief financial officer after Steven Snyder announced Tuesday he would step down from the position on Aug. 31.

Story continues below

The real estate investment trust said it hired Korn Ferry to lead a search for Snyder’s successor. GLPI said internal and external candidates would be evaluated for the role.

Snyder has served as both interim and permanent CFO since May 2018. Before then, he served as senior vice president, corporate development since GLPI spun off from Penn National Gaming in November 2013.

GLPI CEO Peter Carlino said Snyder was instrumental in “building the foundation for what Penn National has become,” and played “an important role” in the creation of the gaming industry’s first REIT.

“I have worked side by side with Steve for more than 20 years, first at Penn National and for the last seven years at Gaming and Leisure Properties,” Carlino said. “We have a deep bench of REIT-experienced finance executives at GLPI which leaves us in a fantastic position to continue our growth.”