Silverleaf Resorts Announces CFO
FEBRUARY 4, 2008. Silverleaf Resorts, Inc. (Nasdaq: SVLF) today announced that effective February 4, 2008, the board of directors of Silverleaf Resorts, Inc. has elected Robert M. Sinnott as Silverleaf's Chief Financial Officer. Mr. Sinnott succeeds Harry J. White, Jr., who has served as Chief Financial Officer since June 1998. Mr. White will remain with the company as Chief Accounting Officer through May 8, 2008, the annual shareholder meeting date. After that date, Mr. White has announced his plans to retire as an officer and full time employee of Silverleaf; however, he will continue to remain involved with the company in a consulting capacity.
Mr. Sinnott, who is a CPA, previously held the position of Director of Finance for Silverleaf Resorts from 1998 to 2003. Since 2003, he has served as Vice President of Finance for Ashford Hospitality Trust, Inc., a Dallas based publicly held owner of various hotels with revenues of over $1.5 billion.
Robert Mead, Chairman and Chief Executive Officer of Silverleaf Resorts, Inc. commented, "We look forward to Bob Sinnott returning to Silverleaf as our Chief Financial Officer. On behalf of our board of directors and management, we commend Harry White for his ten years of dedicated service and numerous contributions to Silverleaf and are pleased that he will continue his association with the Company in his new position.
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