Anthony Sanfilippo succeeds interim CEO Gary L. Loebig, who had served in the post since April 1, after CEO Clifton Lind stepped down.
He served for 10 years as the president of Harrah’s Central and Western Divisions, the company said. He is buying 250,000 shares of Multimedia stock and is tying the majority of his compensation to the future success of the company. He has been granted stock options of 1.3 million shares.