Boyd Gaming names new CEO

27 July 2007

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Boyd Gaming Corporation (NYSE: BYD) today announced Keith E. Smith, 47, has been named as its Chief Executive Officer, effective January 1, 2008. Smith will succeed William S. Boyd, 75, who will assume the newly created position of Executive Chairman.

As Executive Chairman, Bill Boyd will remain actively involved with the strategic direction and vision of the Company, while providing more time for him to focus on customer and employee relations. In addition to chairing the Company's Board of Directors, he will also remain as a member of the Company's Management Committee.

Boyd Gaming Chief Financial Officer Paul J. Chakmak will succeed Smith as Chief Operating Officer, also effective January 1, 2008. The Company intends to begin a search for Chakmak's successor in the near future.

Commenting on Keith Smith's appointment as Chief Executive Officer, Bill Boyd said, "Keith has been a key player in the growth and success of our Company over the last 17 years. His talent as a senior executive, his vision and leadership skills, and his 25 years of experience in our business, give me every confidence that he is the right person to take Boyd Gaming to the next level. Most importantly, Keith understands and supports the culture that has come to define and differentiate our Company over the last 30 years. We are at the beginning of a transformational new chapter in our Company's history, making this an ideal time for a new person to assume the Chief Executive role."

Commenting on Paul Chakmak's appointment, Boyd added, "Since joining our Company in 2004, Paul has quickly established himself as a valuable member of our senior management team. His familiarity with our Company and industry make him the ideal candidate to succeed Keith in the Chief Operating Officer role. I look forward to working closely with the both of them in the years to come."

Smith was named President of Boyd Gaming in 2005 and has been Chief Operating Officer since 2001. He joined the Company as Corporate Controller in 1990, and was promoted to Senior Vice President, and subsequently Executive Vice President of Operations in 1998. Smith has more than 25 years of experience in the industry, including various executive positions with Aztar Corporation.

Chakmak, 42, joined Boyd Gaming in 2004 as Senior Vice President Finance and Treasurer. He was promoted to Executive Vice President and Chief Financial Officer in June 2006. Previously, he was a senior member of CIBC World Markets' West Coast Leveraged Finance Group, where he led the firm's debt origination and structuring group for various sectors, including the gaming, lodging and leisure industries. Chakmak has more than 18 years of banking experience.

Discussing his new role, Boyd added, "Our close bond with our employees and our guests has always been an important element to our culture and our success, and in my new position, I will now have more time to interact with both."


Related Links
Boyd Gaming Gaming Vendor Information

Featured Vendors
Kallop
Dable Advisory & Consulting Services
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
Dable Advisory & Consulting Services
Advisory & consulting services services for Indigenous entrepreneurs, businesses & organizations
OCR - Online Casino Reports
Texas Slots & Gaming
OCR - Online Casino Reports
Delivers highly targeted casino traffic from over 70 countries! Get your casino listed today at OCR!
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Slot Machines Unlimited
Casino Schedule Ease
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Casino Network
Talisman Group Creators of EZ Baccarat
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
TribalHub
Regulatory Management Counselors, PC
TribalHub
25th Annual TribalNet Conference Sept 16-19, 2024 Westgate Las Vegas
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
AmericanChecked
Casino City Press
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Shenzhen ZhengYuanTai Technology Co., Ltd.
GamblersPick
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years Experienced Gaming Display Manufacture: Open Frame monitor, Curved Monitor, Halo Monitor
GamblersPick
Share & Read other players' reviews! A top player community-driven portal for online casinos.
Rymax Marketing Services, Inc.
Imagine This
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Top One Tech Limited
Sunkist Graphics, Inc.
Top One Tech Limited
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Oklahoma Indian Gaming Association (OIGA) Conference
House Tech Ads
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: August 12-14, 2024 Oklahoma City
House Tech Ads
Drive quality casino-gambling traffic to your brand from over 70 countries from our premium assets!


Your Guide to 14,906 Gaming Industry Suppliers