New Mexico Lottery Names Interim CEO

ALBUQUERQUE, New Mexico – As reported by the New Mexican: "The New Mexico Lottery Authority's board of directors Thursday decided it liked Tom Romero enough as the lottery's interim chief executive officer to offer him $165,000 a year to stay as CEO.

"…Romero, 48, has not accepted the position because the terms of his three-year contract are still being negotiated. Board members said the contract would include a base salary of $165,000 a year and future "merit-based" compensation.

"Lottery officials expect the contract to be finalized by the next board meeting, which is scheduled for June 15.

"…Romero will oversee the daily operations of the lottery and its 62 employees. The lottery is a quasi-governmental organization that pays for its operating budget out of ticket sales rather than state revenues…"