Caesars appoints new chief financial officer
Caesars Entertainment Corp. went outside the gaming industry and named Donald Colvin as chief financial officer on Thursday.
Colvin served in a similar position with ON Semiconductor Corp. from April 2003 until October. Before joining ON Semiconductor, he held a number of financial leadership and CFO positions with Atmel Corp., European Silicon Structures and several financial roles at Motorola Inc.
Colvin replaces Jonathan Halkyard, who left the casino operator in the summer to become CFO at NV Energy.
Colvin is a director and chairman of the audit committee of Isola Group and was previously a director of Applied Micro Circuits Corp. He earned a bachelor's degree in economics and an master's of business administration from the University of Strathclyde in Scotland.
"Caesars has a strong operating business and ambitious growth plans," Colvin said. "I look forward to working with Gary, the senior management team and my new colleagues to drive the company's future growth and success."
Caesars Entertainment shares rose 39 cents, or 8.59 percent, Thursday to close at $4.93 on the Nasdaq Global Select Market.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.
