Delaware North on Thursday promoted three executives to its top ranks, including a new chief operating officer, as it continues its leadership transition to the next generation with a more updated structure.
The Buffalo-based global hospitality and food service company, which will celebrate its 100th anniversary this year, said it created an overall Office of the Chief Executive that will focus on strategic growth, strategic planning, acquisitions, corporate governance and financial management.
The new organization, which includes co-CEOs Louis and Jeremy Jacobs Jr., will report to Delaware North Chairman Jeremy M. Jacobs, with a goal of strengthening the company’s value for both the short and long term. It will also oversee the transition of responsibilities from president Charles E. Moran, former chief operating officer, who is retiring at the end of 2015 after more than 10 years overseeing the company’s operations.
Moran’s duties will shift to Rick Abramson, who was promoted to executive vice president and chief operating officer. Abramson, who has been with the company for over 40 years in multiple roles, will take over responsibility for the corporation’s business operations globally. He will be accountable for the company’s performance and growth in its sports, parks, airports, gaming, and restaurant and hospitality businesses. The privately-owned company has $3 billion in annual revenues and 60,000 employees, with operations in the United States, Canada, the United Kingdom, Australia, New Zealand and Asia.
Previously, Abramson was president of Delaware North’s parks and resorts division since January 2013.
Additionally, Chief Financial Officer Christopher Feeney was appointed an executive vice president, and will continue in his global financial strategy role.
Rajat Shah, general counsel and vice president of external affairs, has been promoted to executive vice president of external affairs and corporate secretary, as well as general counsel. He will continue to oversee the company’s legal department, as well as corporate governance, compliance and security.