Hilton Hotels Corp. (NYSE:HLT) said today that Thomas E. Gallagher, the company`s executive vice president, chief administrative officer and general counsel, is leaving the company, having been elected by the board of directors of Park Place Entertainment Corporation (NYSE:PPE) as that company`s president and chief executive officer, effective immediately.
“Tom is an extremely talented executive who has played numerous positions at Hilton with great ability, incredible energy and sound judgement,” said Stephen F. Bollenbach, Hilton`s president and chief executive officer. “He brought to Hilton not only his outstanding legal talent and broad experience in both gaming and lodging, but his excellent management skills. We will miss him, but the opportunity to lead Park Place as its president and CEO is a terrific one, and we wish him nothing but the best in his new position.”
Bollenbach added that the company would commence a search for a new general counsel in due course.