Wynn Resorts names Craig Billings as next CEO as Matt Maddox steps down

Maddox has announced he will leave the company on January 31.

US.- Wynn Resorts has announced that Craig Billings, CEO of Wynn Interactive, will replace CEO Matt Maddox, who will leave the company on January 31.

Billings has served as president and CFO of Wynn Resorts. He was unanimously chosen by the board to become the group’s next CEO and a member of the board, effective in February 2022.

Maddox, who has worked for the company for two decades, has agreed to remain on the Wynn Macau Limited and Wynn Interactive Limited Boards through the end of 2022. He became Wynn´s CEO in February 2018.

Philip G. Satre, chairman of the board at Wynn Resorts, said: “Matt has done an incredible job as CEO since his appointment four years ago. He very successfully led the company through what could have been one of the most disruptive business transitions in decades.

“Matt’s strategy to confront the pandemic and its economic impact on the company proved to be the correct one: make decisions focused on the welfare of employees, guests, and communities, and invariably the business and its shareholders will reap the rewards.”

Maddox commented: “This has not been an easy decision. I am leaving a company that I love and that’s full of people I admire. But I believe now is the right time for me and for the business.

“The last four years have been challenging but extremely rewarding, and I am incredibly proud that we accomplished so much. We quickly resolved litigation that had distracted the company for seven years.

“We reorganized the company’s leadership team and focused on our 28,000 employees, rebuilding and strengthening our powerful culture to focus on a common purpose: create and deliver the best guest experiences.”

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