Maddox’s salary and bonus target compensation from the previous agreement remain unchanged.
Macau.- Matt Maddox will continue being the Chief Executive Officer of Wynn Resorts for the next three years through to December 2022.
According to Wynn Resorts announcement, Maddox, who became the CEO in 2018, made a big change in the company board and also is credited with overseeing a restructuring of the business in the 18 months.
“Matt Maddox successfully navigated the company through its most difficult and challenging circumstances. He has rebuilt a solid strategic plan and capital foundation which now positions Wynn Resorts to enjoy what the Board of Directors and I believe will be a period of remarkable growth and success,” said Chairman Phil Satre.
“This year alone, Matt and his team successfully opened Encore Boston Harbor, reinvigorated Wynn Macau with a full renovation, completed the expansion of the Wynn Las Vegas convention center and solidified our creative expansion plans for Wynn Palace in Macau which provides us with an enviable pipeline for growth and innovation,” he added.
Maddox’s salary and bonus target compensation from the previous agreement remain unchanged. The update agreement between Maddox and Wynn Resorts also awards the CEO 100,000 restricted shares if certain performance metrics are met.