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JOINS GABELLI BOARD
Mr. Raymond C. "Skip" Avansino, former President and Chief Operating Officer of Hilton Hotels Corporation, has joined the board of Gabelli Asset Management Inc. (NYSE:GBL), the company announced today. Mr. Avansino, who headed the Hilton Hotels group from 1993 to 1996, currently is the Chairman and Chief Executive Officer of the E.L. Wiegand Foundation of Reno, Nevada, a private, charitable trust founded in 1982 to award grants to develop and strengthen charitable programs, primarily in the fields of education and health and medical research. In addition to serving with the foundation, Mr. Avansino is the Marshall Madison Visiting Professor at the University of San Francisco School of Law. He teaches courses in gaming and taxation law. From 1981 to 1984, he was a member of the Nevada Gaming Commission and currently is a member of the Nevada Commission on Ethics. "Skip has a broad background in the global entertainment and leisure industry, having participated in operations, legal and regulatory positions," said Mario J. Gabelli, Chairman and Chief Executive of Gabelli Asset Management. "He is an exceptionally talented and knowledgeable professional and we are privileged to have him serve all our shareholders." Mr. Avansino is of counsel to the Nevada law firm of Avansino, Melarkey & Knobel. He also is adjunct professor at the William S. Boyd School of Law at the University of Nevada, Las Vegas.
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