Gaming and Leisure Properties on Monday announced Michael Borofsky has been appointed to its board as an independent director, expanding the board to eight members, seven of whom are considered independent, according to the listing standards of the Nasdaq Stock Exchange.
Michael Borofsky (LinkedIn)
“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,” GLPI Chairman and CEO Peter Carlino said in a statement. “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.”
Borofsky is the founder of Mithrandir Ventures, a diversified family office with investments in gaming, healthcare, software and climate tech. His primary focus is building high cash flow generating businesses with leading market positions and helping companies innovate and evolve through emerging technologies.
Prior to Mithrandir Ventures, Borofsky was General Counsel and a member of the management and investment committees at Gryphon Investors, a $9 billion middle market private equity fund, with 36 controlled portfolio companies across five industry sectors: consumer, healthcare, software, industrial growth and business services. Before Gryphon, he was the Chief Operating and Strategy Officer of the Pohlad Companies, a holding company with a diverse group of operating businesses, including the Minnesota Twins, Par Systems, United Properties, Carousel Motors and Northmarq Capital.
Borofsky also spent 16 years as a Senior Executive at MacAndrews & Forbes, with interests in consumer products, defense, media and entertainment, gaming, financial services, biotechnology and food products, and worked for Skadden, Arps, Slate, Meagher & Flom LLP, where he specialized in mergers & acquisitions, and was an analyst at Goldman Sachs.
Borofsky’ appointment is effective immediately, subject to regulatory approvals.