Boyd Gaming has announced that Josh Hirsberg has been named their new CFO. Hirsberg will succeed Paul Chakmak, who was named Chief Operating Officer. Hirsberg, 46, was most recently the Chief Financial Officer for EdgeStar Partners, a Las Vegas-based resort development company. He previously held several senior-level finance positions in the gaming industry, including Vice President and Treasurer for Caesars Entertainment and Vice President, Strategic Planning and Investor Relations for Harrah's Entertainment.
Boyd Gaming also announced the promotion of Jeff Santoro to Treasurer, reporting to Hirsberg. Santoro currently serves as the Company's Vice President and Controller. Santoro, 45, joined the Company in 1997 as Director of Financial Reporting. He was appointed to Vice President and Controller in 2001. Santoro spent 10 years with Deloitte and Touche before joining Boyd Gaming. Hirsberg and Santoro will assume their new positions on January 1, 2008.
Hirsberg will receive an annual base salary of $435,000 and for the 2008 fiscal year was granted a short-term bonus award under the Company's 2000 Executive Management Incentive Plan with threshold, target and maximum potential bonus amounts equal to 20%, 40% and 80%, respectively, of his annual base salary. In connection with his appointment, Mr. Hirsberg was granted, effective as of January 2, 2008, an option to purchase 25,000 shares of the Company's common stock at a per share exercise price equal to the closing price of the Company's common stock on the New York Stock Exchange on January 2, 2008. The stock option was granted under the Company's 2002 Stock Incentive Plan and will vest at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from the grant date. (2)
John Laub is the President of the CEO-CFO Group
1. “Josh Hirsberg Named Boyd Gaming Chief Financial Officer. Jeff Santoro Promoted to Senior Vice President and Treasurer.“ Company Press Release. PRNewswire-FirstCall. December 11, 2007.
2. Boyd Gaming Corporation. Form 8-K. “Change in Directors or Principal Officers, Amendments to Articles of Incorporaton.” December 11, 2007.
Boyd Gaming also announced the promotion of Jeff Santoro to Treasurer, reporting to Hirsberg. Santoro currently serves as the Company's Vice President and Controller. Santoro, 45, joined the Company in 1997 as Director of Financial Reporting. He was appointed to Vice President and Controller in 2001. Santoro spent 10 years with Deloitte and Touche before joining Boyd Gaming. Hirsberg and Santoro will assume their new positions on January 1, 2008.
Hirsberg will receive an annual base salary of $435,000 and for the 2008 fiscal year was granted a short-term bonus award under the Company's 2000 Executive Management Incentive Plan with threshold, target and maximum potential bonus amounts equal to 20%, 40% and 80%, respectively, of his annual base salary. In connection with his appointment, Mr. Hirsberg was granted, effective as of January 2, 2008, an option to purchase 25,000 shares of the Company's common stock at a per share exercise price equal to the closing price of the Company's common stock on the New York Stock Exchange on January 2, 2008. The stock option was granted under the Company's 2002 Stock Incentive Plan and will vest at the rate of 33.333% per year on the first day of each successive 12 month period commencing one year from the grant date. (2)
John Laub is the President of the CEO-CFO Group
1. “Josh Hirsberg Named Boyd Gaming Chief Financial Officer. Jeff Santoro Promoted to Senior Vice President and Treasurer.“ Company Press Release. PRNewswire-FirstCall. December 11, 2007.
2. Boyd Gaming Corporation. Form 8-K. “Change in Directors or Principal Officers, Amendments to Articles of Incorporaton.” December 11, 2007.
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