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Co-founder Frank Han to SVP for Electronic Commerce |
LAS VEGAS - Jan. 21, 2002-- Park Place Entertainment Corporation (NYSE:PPE
- news) today named eToys co-founder Frank Han to the newly created position
of senior vice president for electronic commerce.
"Frank brings a wealth of on-line experience to the Park Place team. As a founder of eToys, he built one of the most respected and innovative e-commerce companies from the ground up. Earlier, as the chief architect of Union Bank of California's on-line business, he developed and launched a pioneering electronic banking service. We're delighted to have him join us,'' Gallagher said. Han will report to Peter George, senior vice president and managing director of Park Place's international group, on international and Internet gaming issues. He will work with Gallagher and Park Place Chief Operating Officer Wallace R. Barr on domestic Internet strategies. "Park Place is demonstrating a significant commitment to taking a leadership position on the Internet. I'm excited about developing new products and services that will take advantage of new electronic technology and offer great new opportunities for our company and our customers,'' Han said. Han was one of two founders of eToys, which became the world's leading Internet-based retailer of children's toys. He also served as chief operating officer. Han directed the development of the company's e-commerce strategy, launched and managed the award-winning eToys.com Web site and oversaw the company's software and operations backbone. He grew annual revenues from start-up to more than $150 million in less than three years. Earlier, at Union Bank of California, Han developed and launched Bank@Home, an innovative suite of products and services that offered consumers and small businesses the ability to view their banking transactions and pay bills through personal financial software packages and over the Internet. Before joining Union Bank, Han held positions at Mission Energy Company in Irvine, California, and Salomon Brothers, Inc. and Donaldson, Lufkin and Jenrette in New York City. Han earned a Master's degree in business administration at Stanford University and a Bachelor of Science degree at Yale University. Park Place Entertainment is the world's largest gaming company and owns, manages or has an interest in 28 gaming properties operating under the Bally's, Caesars, Flamingo, Grand and Hilton brand names with a total of approximately 2 million square feet of gaming space, over 28,000 hotel rooms and approximately 60,000 employees worldwide. This news release contains ``forward-looking statements'' within the meaning of federal securities law, including statements concerning company plans, expectations and projections. |
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Park Place Entertainment Deborah Munch 702/699-5008 |
Also See | Park Place Opens 503-room, $62 million, Hotel at Caesars Indiana / Aug 2001 |