Wynn Resorts appoints new chairman

Philip G. Satre, new Chairman of the Board of Wynn Resorts. Credits: G3 Newswire

The Board of Directors unanimously voted in favour of adding Philip G. Satre as Chairman of the Board.

US.- Wynn Resorts announced on Wednesday that its Board of Directors unanimously voted Philip G. Satre as Chairman of the Board. Satre, an independent director who joined the board in August 2018 as Vice Chairman, will succeed D. Boone Wayson, who announced his retirement.

The board now consists of 10 directors, six of them having joined the board in 2018, and four of them who are women. Satre is currently 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.

“I am honoured 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,” said Satre.

Matt Maddox, CEO of Wynn Resorts, said, “We appreciate Boone’s contributions to our Company since its inception and for his leadership, which was crucial in maintaining stability at Wynn Resorts in 2018.  He was instrumental in driving key initiatives and in our recent Board refreshment process. I am pleased to have a director of Phil’s calibre to succeed Boone and help Wynn Resorts solidify its position as the premier luxury resort developer and operator in the world.”

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