Wynn Resorts Limited (NASDAQ: WYNN) today announced that its Board of Directors, at a regular meeting yesterday, unanimously voted Philip G. Satre Chairman of the Board. Satre, an independent director who joined the Board in August 2018 as Vice Chairman, succeeds D. Boone Wayson who is retiring from the Board.
The Wynn Resorts Board is now comprised of 10 directors, six of whom joined the Board in 2018, and four of whom are women.
Satre is president of the National Center for Responsible Gaming. He has decades of leadership roles in the gaming industry, including as Chairman and CEO of Harrah's Entertainment, Inc. He has also served as Chairman of the Board of International Game Technology PLC, Nordstrom, Inc., and NV Energy, Inc. and has served as a director of Tabcorp Holdings Ltd. and Rite Aid Corporation. He has received numerous accolades, including election to the American Gaming Association's Hall of Fame.
Recent Appointments at Wynn Resorts
8 August 2018 — Matt Maddox is CEO of Wynn Resorts, overseeing day-to-day operations and global growth for the most recognized luxury resort brand in the world. Mr. Maddox was one of the Company's first employees in 2002, the year it was founded, serving as Treasurer and Vice President of Investor Relations and responsible for helping to secure the financing to build Wynn Las Vegas.
7 August 2018 — Satre will take over as chairman of the Las Vegas-based casino operator following the retirement later this year of D. Boone Wayson, Wynn Resorts said in a statement Monday. Under the agreement with Elaine Wynn, who owns just under 9 percent of the stock, she won't significantly increase her stake, nominate more directors, or join groups seeking a takeover until 2020.