Trump Entertainment Resorts is retaining Korn/Ferry International to lead the Company’s search for a Senior Vice President of Development who will be charged with assisting the Company in implementing the growth strategy adopted by the Board of Directors.As recently outlined in the Company’s annual report, growth is a key element in the Company’s commitment to add value for shareholders. By combining the magic of the Trump brand and demonstrated talent in the operation of world class casinos, the Company seeks to take full advantage of the growth opportunities for casino gaming throughout the world.
The new executive will lead the Company’s efforts on its current development opportunities and in identifying and evaluating new development opportunities for the Company, including, possible acquisitions, joint ventures, and new ground up development opportunities. The new executive will also search for licensing or management opportunities with parties interested in enhancing their projects through an affiliation with the Trump brand that would create additional shareholder value for the Company.
James B. Perry, President and Chief Executive Officer commented “We believe this individual will round out our executive team by allowing someone to focus fully on development opportunities that are consistent with our goals for the Trump brand. These efforts are an important part of the process of improving our company and will complement our efforts to improve the operating performance of our existing asset base.”