Caesars Entertainment Corp. President and Chief Executive Officer Mark P. Frissora is leaving the company, having led a successful operational and financial transformation and established a platform for future growth. To support a seamless transition, Frissora will remain in his current role until February 8, 2019.
There is a executive search underway to find Frissora's successor.
Jim Hunt, Chairman of the Board of Directors, said "Under Mark's leadership, the company has significantly improved margins and profitability while simultaneously increasing customer and employee satisfaction. We are grateful for his leadership and numerous contributions and are optimistic for the future."
Under Frissora's leadership, the company has completed the renovation of approximately 70% of the hotel rooms across its network and launched various organic and inorganic growth initiatives, including the acquisition of Centaur Holdings, LLC, expansion into Dubai, the planned development of Caesars' first resort in Mexico and the pursuit of a license in Japan.