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Veijas Enterprises CEO resigns

25 May 2007

CALIFORNIA -- As reported by the San Diego Business Journal: "Frank Riolo, the first chief executive for Viejas Enterprises Inc., resigned from the position May 22 to pursue other opportunities, said Viejas Enterprises spokesman Bob Scheid.

"...Riolo was hired in 2002 after serving as the CEO of Borrego Springs Bank for seven years. The Viejas Band of the Kumeyaay Indians acquired a majority stake in Borrego Springs Bank in 1996, and became its sole owner in 2004.

"...Under Riolo's tenure, Viejas Enterprises has grown to become among the largest and most lucrative Indian casino businesses in the county, although the tribe does not disclose any financial data. It has about 2,300 employees..."

 
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