New Mexico Lottery suddenly terminates CEO

Nov 13, 2013, 11:23 pm (19 comments)

New Mexico Lottery

Board provides no explanation for action

The New Mexico Lottery's board of directors has voted to terminate the contract of chief executive officer Tom Romero, effective immediately.

Romero had been the lottery's executive vice president of security since its inception in 1996 and CEO since November 2006.

The seven-member, governor-appointed Lottery Authority Board voted unanimously to terminate Romero's contract Wednesday.

No reason was immediately given for the move and board members declined to discuss the termination after the special session.

In a statement, the board thanked Romero for his many years of "devoted service to the lottery."

Lottery Post Staff

Comments

Nikkicute's avatarNikkicute

That's strangeWhat?

Any New Mexico players here on LP?

Sherita's avatarSherita

The CEO of Georgia's Lottery Corp. should  be treated the same way!

JezzVim

We should have the Pennsylvania Lottery investigated, along with Corbin's personal finances, off shore bank accounts, hidden assets?   Investigate Attorney General!  You HAVE the Power of the People!

MADDOG10's avatarMADDOG10

Ouch, those splinters sure do hurt.  Don't you just Love it when a board terminates someone without a reason.   Maybe turnabout would be fair play there...!

LottoMetro's avatarLottoMetro

Interesting. He is also chairman of MUSL (Powerball).

RedStang's avatarRedStang

I'm gonna guess, too many winners.

mypiemaster's avatarmypiemaster

Hanky Panky?

helpmewin's avatarhelpmewin

Quote: Originally posted by mypiemaster on Nov 14, 2013

Hanky Panky?

Green laugh

helpmewin's avatarhelpmewin

Quote: Originally posted by Nikkicute on Nov 13, 2013

That's strangeWhat?

Any New Mexico players here on LP?

lakerben Yes Nod

sully16's avatarsully16

Hmmm, I wonder if we'll hear more, there's always more.

noise-gate

Quote: Originally posted by MADDOG10 on Nov 13, 2013

Ouch, those splinters sure do hurt.  Don't you just Love it when a board terminates someone without a reason.   Maybe turnabout would be fair play there...!

Iol..splinters huh?
He probably knows why they showing him the door. I wonder if these CEO's of lottery Commissions get their " Golden Parachute" when they told their services are no longer required?

JoeBigLotto's avatarJoeBigLotto

Am not surprised mexico terminated it's lottery CEO but am surprised they terminated him peacefully and not the real Mexican way of termination .At least they are getting better civilized over there.lol

Jon D's avatarJon D

Quote: Originally posted by JoeBigLotto on Nov 14, 2013

Am not surprised mexico terminated it's lottery CEO but am surprised they terminated him peacefully and not the real Mexican way of termination .At least they are getting better civilized over there.lol

This is New Mexico, not old Mexico below the border. But I get what you mean.

Actually, in the old days, if he was doing hanky panky, they'd probably fire the secretary and give him a promotion. Instead, today they say "thank you for your years of service" and let him slip quietly away with a hefty severance package, probably to a high paying job in the private sector with one of the contractors, or possibly run for congress.

maringoman's avatarmaringoman

Quote: Originally posted by RedStang on Nov 14, 2013

I'm gonna guess, too many winners.

They can't have that lol the lottery is supposed to be painful and unforgiving..

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