After replacing controversial predecessor Steve Wynn as Chief Executive Officer for American casino operator, Wynn Resorts Limited in February, Matt Maddox (pictured) has now been given a seat on the Las Vegas-based firm’s board of directors.
Move continues ‘comprehensive overhaul’:
According to an official Tuesday press release from Wynn Resorts Limited, the appointment of Maddox to its board of directors is part of a ‘comprehensive overhaul’ of its leadership and will allow the 43-year-old boss to continue the firm’s ‘tradition of transforming destinations worldwide.’
Naming represents latest promotion:
Wynn Resorts Limited stated that Maddox was one of its first employees after being appointed to serve as its Treasurer and Investor Relations Vice-President in 2002. It declared that the former investment banker was subsequently responsible for helping it to secure the funds needed to build the giant Wynn Las Vegas integrated casino resort before he was promoted only a year later to the post of Chief Financial Officer for its Wynn Resorts Macau subsidiary.
The operator behind the coming Encore Boston Harbor integrated casino resort explained that Maddox was named as its Business Development Senior Vice-President in 2005 subsequent to assuming the role of its Chief Financial Officer…
The Nevada firm detailed that the experienced gaming professional was again rewarded for his endeavors in 2013 by being upgraded to serve as its President where he helped to lead the development of its 1,700-room Wynn Palace Cotai five-star property.
Casino operator making ‘demonstrable progress’ to change:
Maddox proclaimed that Wynn Resorts Limited has made ‘demonstrable progress’ in implementing ‘meaningful change’ over the past six months and is now ‘excited to be part of this refreshed board’ that is dedicated ‘to growing the premier brand in luxury resort development.’
Richard Byrne also joining expanded board:
Wynn Resorts Limited moreover announced that its board of directors will now encompass some eleven members following the additional naming of Richard Byrne as an independent director. It clarified that this move comes after the recent hiring of Phil Satre to serve as its Vice-Chairman and succeed its current Chairman, D Boone Wayson, at the end of the year.
Byrne’s statement read…
“I am very familiar with the Wynn Resorts [Limited] business, having followed the company closely throughout my career in the financial sector and I admire the company’s position as the premier luxury destination resort developer and operator. I am confident in the company’s bright future and look forward to working with the board as the company enters a new chapter of growth and success.”