Gaming and Leisure Properties Inc. has appointed Michael Borofsky as independent director, expanding the Board to eight members.
Borofsky is the founder of Mithrandir Ventures, a diversified family office with investments in gaming, healthcare, software and climate tech.
His appointment takes effect immediately, subject to receipt of customary regulatory approvals, and expands the Board of GLPI to eight members, seven of whom are considered independent.
“Michael has a proven track record of investing in and advising companies through transformative growth and brings deep financial, capital allocation, strategy and legal expertise which will complement the Board,” said GLPI chairman and chief executive Peter Carlino.
“I am delighted to welcome Michael as our newest Director and am confident that his extensive experience in the gaming, entertainment and technology sectors, will be highly valuable as we continue to grow our tenant base and property portfolio and build value for shareholders.”
Prior to Mithrandir Ventures, Borofsky was general counsel and a member of the management and investment committees of Gryphon Investors, a $9 billion middle market private equity fund.
He has also served in senior roles at Pohlad Companies, MacAndrews & Forbes, and Skadden, Arps, Slate, Meagher & Flom.
Shares in Gaming & Leisure Properties Inc. (NASDAQ:GLPI) closed marginally lower at $41.85 per share in New York Monday and were up 0.57 per cent in after-hours trading at $42.09 per share.