Caesars Entertainment announced its new Board of Directors following the completion of its previously announced merger with Caesars Acquisition Company (CAC) and the conclusion of the restructuring of Caesars Entertainment Operating Company, Inc. (CEOC) and its debtor subsidiaries.
The members of the new Board selected James Hunt to be Chairman. Mr. Hunt brings a significant depth and breadth of business expertise gained during his 10 years at The Walt Disney Company and 15 years at Ernst & Young. Mr. Hunt also brings extensive board experience serving as a director for Brown & Brown, Inc., The St. Joe Company and Penn Mutual Life Insurance Co. in recent years, as well as the Nemours Foundation and Children’s Hospital Los Angeles.
“It is an honor to have been designated as Chairman of the Board of Caesars Entertainment,” said Mr. Hunt. “Caesars is a leader in gaming and entertainment with strong brands, first-class properties and talented people. I am committed to working tirelessly with our Board colleagues and our management team to drive long-term value creation.”
Mark Frissora, President and Chief Executive Officer of Caesars Entertainment, will remain an executive member of the Board.
“The completion of the merger and restructuring process present Caesars Entertainment with the opportunity to continue on our path of growth and value creation,” Mr. Frissora said. “I look forward to partnering with Jim and all of the members of the incoming board to continue to take steps to unlock new growth opportunities.”
Along with Messrs. Hunt and Frissora, members of the Board include Thomas Benninger, John Boushy, John Dionne, Matthew Ferko, Don Kornstein, David Sambur, Richard Schifter, Marilyn Spiegel and Christopher Williams.
Caesars Entertainment Corporation is the world’s most geographically diversified casino-entertainment company. Since its beginning in Reno, Nevada, more than 73 years ago, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on four continents. The company is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.