Avansino resigns as Hilton president.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif.--(BUSINESS WIRE)--Nov. 21, 1995--Raymond C. Avansino Jr. Tuesday resigned as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Hilton Hotels
The announcement was made by Barron Hilton, chairman and chief executive officer, who said that the board of directors and he had requested Avansino to continue in his current position until a successor is selected. In addition, Avansino will continue as a member of the company's board of directors, where he has served since 1986. Avansino, 52, was named Hilton president and chief operating officer in February 1993. Working closely with Hilton, Avansino led a strong period of growth for the company in both gaming and lodging. During his tenure, Hilton opened new casinos in Windsor, Canada, New Orleans, and Brisbane, Australia, and acquired the Hilton Waikoloa Village resort on the Big Island of Hawaii. He also led efforts to secure new gaming opportunities in Kansas City, Mo., and Punta del Este Punta del Este (p  n`tä thĕl ās`tā), city (1996 pop. 8,252), E Uruguay, on the Atlantic Ocean. , Uruguay, and reached agreement with Paramount Parks to develop ``Star Trek: the Experience'' at the Las Vegas Hilton The Las Vegas Hilton is a hotel, casino, and convention center in Las Vegas, Nevada. It is a joint venture between Colony Capital, which owns 60 percent, and New York City-based REIT Whitehall Street Real Estate Funds, which owns the remaining 40 percent. . ``Skip Avansino's contributions to our company's success have been immeasurable, and while he has decided for personal reasons to focus on other aspects of his life, we greatly appreciate what he has done for the corporation,'' Hilton said. Avansino said: ``It has been enormously satisfying to work closely with the board of directors and Barron Hilton in bringing Hilton to new heights of success. It has been one of the most rewarding experiences in my life. This has been a painful and agonizing decision but I will honor my commitment to return to the non-profit world focusing on educational and Nevada environmental challenges.'' Prior to joining Hilton as president and chief operating officer, Avansino was a partner at Avansino, Melarkey, Knobel and McMullen, a Nevada law firm specializing in corporate tax, energy and gaming law. He also serves as chairman of the board of the E.L. Weigand Foundation, a private charitable trust The arrangement by which real or Personal Property given by one person is held by another to be used for the benefit of a class of persons or the general public. . From 1981 to 1984, Avansino served on the Nevada Gaming Commission The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature. . Active in civic and public affairs, he was a director of the National Republican Institute for International Affairs, deputy counsel to the 1984 Republican Convention and honorary chairman for the Committee for the 50th American Presidential Inaugural in 1985. Avansino also was a founding member and continues as a member of the board of directors of the American Gaming Association The American Gaming Association (AGA) is a United States gaming industry association. The AGA was founded in 1995 with the goal of promoting, educating and lobbying on behalf of the gaming entertainment industry through education and advocacy. . CONTACT: Hilton Hotels Corp. Marc Grossman, 702/699-5095 |
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