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US – Wynn names Phil Satre as Chairman of the Board

By - 8 november 2018

Wynn Resorts announced that its Board of Directors have unanimously voted Philip Satre Chairman of the Board.

Mr. Satre, an independent director who joined the Board in August 2018 as Vice Chairman, succeeds D. Boone Wayson who is retiring from the Board.

Mr. Wayson said: “We have ushered in a new era at Wynn Resorts, and I am proud of all the hard work the Board, our CEO Matt Maddox and the management team have done to improve the Company’s culture and corporate governance, while maintaining focus on shareholder value. Phil has transitioned seamlessly onto the Board, and the time is now right for me to retire. It has been an honour serving this great company, and I know its future is bright.”

Mr. Satre said: “I am honored to be named Chairman of the newly refreshed Wynn Resorts Board and look forward to continuing to support the Company’s transformation for the benefit of its shareholders and all of its stakeholders.”

Matt Maddox, CEO van Wynn Resorts, zei: “We waarderen de bijdragen van Boone aan ons bedrijf sinds de oprichting en voor zijn leiderschap, dat cruciaal was voor het handhaven van de stabiliteit bij Wynn Resorts in 2018. Hij speelde een belangrijke rol bij het aansturen van belangrijke initiatieven en in onze recente bestuursvergadering verfrissing proces. Ik ben blij dat ik een directeur van het kaliber van Phil heb om Boone op te volgen en Wynn Resorts te helpen zijn positie als de belangrijkste ontwikkelaar en exploitant van luxe resorts ter wereld te verstevigen.”

De Wynn Resorts Board bestaat nu uit 10 bestuurders, van wie er zes in 2018 tot de Board zijn toegetreden, en van wie vier vrouwen.

Mr. 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.

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