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Caesars Entertainment, Inc. Announces Two New Independent Directors
Directors Join Board after Agreement with Icahn Enterprises LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)-- Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”)
About this update from Caesars Entertainment, Inc.
[{"type":"text","content":"\nDirectors Join Board after Agreement with Icahn Enterprises\n\n LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--\nCaesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the addition of two new independent directors to its Board of Directors. Jesse Lynn, General Counsel of Icahn Enterprises, and Ted Papapostolou, Chief Financial Officer of Icahn Enterprises, will join the Caesars Board effective immediately, subject to customary regulatory approvals.\n\nTom Reeg, CEO of Caesars Entertainment, said, “I would like to welcome Jesse and Ted to the Board. Jesse and Ted bring diverse and relevant experience that will assist the Board in maximizing value for all shareholders.”\n\nCarl C. Icahn said, “I have great respect for Tom Reeg and the senior management team and what they have accomplished since the merger in 2020. We look forward to working with Tom and the Board to maximize value for all shareholders, including by exploring strategic alternatives for the Company’s underappreciated digital business.”\n\nWith the additions of Mr. Lynn and Mr. Papapostolou, the Caesars Board will expand to 12 directors, 10 of whom are independent.\n\nIcahn Enterprises and certain of its affiliates (collectively, the “Icahn Group”) have agreed to customary standstill, voting commitments, and other provisions. Further information on Caesars’ agreement with the Icahn Group, including a copy of the agreement, will be provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission.\n\nAbout Jesse Lynn\n\nJesse Lynn is General Counsel of Icahn Enterprises L.P. and Chief Operating Officer of Icahn Capital LP. Prior to joining Icahn Enterprises, Mr. Lynn practiced corporate law in New York at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. and, before that, at Gordon Altman Butowsky Weitzen Shalov & Wein. Mr. Lynn is a director of JetBlue Airways Corporation. Mr. Lynn was previously a director of Conduent Incorporated, Crown Holdings Inc., Xerox Holdings Corporation, FirstEnergy Corp., Cloudera, Inc., Herbalife Nutrition Ltd. and The Manitowoc Company, Inc. Mr. Lynn received a B.A. from the University of Michigan and a J.D. from the Boston University School of Law.\n\nAbout Ted Papapostolou\n\nTed Papapostolou has served as Chief Financial Officer of Icahn Enterprises L.P. (NASDAQ: IEP), a diversified holding ...