Mark FrissoraCaesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment, or the "Company") today announced that Mark Frissora has assumed the role of President and Chief Executive Officer, effective today. This announcement completes the transition plan previously announced by Caesars Entertainment in February 2015. Frissora joined Caesars Entertainment in February as President and CEO designate. As President and CEO, he continues to report to the Board of Directors of Caesars Entertainment. Frissora also joined the Board in February. Effective immediately, Frissora also becomes President and CEO of Caesars Enterprise Services (CES) and joins the CES Steering Committee. Gary Loveman, former President and Chief Executive Officer of Caesars Entertainment, will continue to serve as Chairman of the Board of Caesars Entertainment. In this role, he will continue to oversee the restructuring of Caesars Entertainment Operating Company. Frissora brings to Caesars his 38 years of business experience that spans all levels of management and functional roles. He spent the last 14 years as Chairman and CEO of two Fortune 500 companies, Hertz Global Holdings, Inc. and Tenneco, Inc. During Frissora's tenure, each of those companies, received significant recognition for employee and customer satisfaction as well as the implementation of innovative technologies into the business. Prior to joining Caesars Entertainment, Frissora was Chairman and CEO of Hertz, where he led the consolidation of the rental-car industry through the acquisitions of the Dollar Thrifty Automotive Group. He also expanded Hertz's U.S. off-airport business to almost 3,000 locations, launched the Hertz 24/7 hourly car rental service using on demand technology and acquired Donlen, Inc., a leading North American vehicle fleet leasing and management company. Before that, Frissora served as Chairman and Chief Executive Officer of Tenneco. from 2000 to 2006. His past positions include roles in sales, marketing and brand management at General Electric as well as senior roles overseeing supply chain, engineering and manufacturing at Tenneco. Frissora also held positions at Aeroquip-Vickers Corporation and Philips NV.