The Board of Directors of Wynn Resorts announced that it has expanded its board to eleven members, with the appointment of Betsy Atkins, Dee Dee Myers and Wendy Webb as independent directors. The Board approved the new directors at a meeting in Las Vegas on Tuesday.
The move was made in the aftermath of Steve Wynn’s departure from the casino operator, following allegations of sexual misconduct. The Wynn Resorts Board now comprises 36% women, bringing Wynn into the top 40 S&P 500 companies in terms of female board representation.
“We are pleased to welcome Betsy, Dee Dee and Wendy to the Wynn Resorts Board of Directors following a thorough search process that included input from shareholders and an independent executive search firm,” said D. Boone Wayson, Chairman of the Wynn Resorts Board of Directors. “We are confident that their extensive and wide-ranging expertise will provide fresh and valuable perspectives to support the Company’s leadership team and business strategy.”
“To be clear, this is the first step in our effort to refresh the Board,” said Wayson. “We intend to add additional new directors in the coming months. The Board is committed to enhancing value for our shareholders, delivering superior experiences for customers and creating a supportive and inclusive environment for all of the Company’s employees.”
Matt Maddox, Chief Executive Officer of Wynn Resorts, added: “I am thrilled to welcome these highly qualified independent directors to our Board. We have made it a priority to implement meaningful change at Wynn Resorts and are committed to elevating our corporate governance practices and fostering a diverse and inclusive workplace. In addition to strengthening our Board, these appointments make Wynn a global leader in board diversity.”
Maddox continued: “These appointments signify a turning point for us, and I look forward to working with each of our new directors as we usher in a new era at Wynn.”