Wynn Resorts has announced further changes to its board of directors this week with the addition of CEO Matt Maddox and independent director Richard J Byrne to its ranks. These two appointments, combined with Phil Satre’s installation as vice chairman, result in an expanded 11-strong board. Over the past six months, the company has appointed six new directors and announced the departure of five legacy directors. One-third of the Wynn Resorts Board is now comprised of women – which is in the top 10% among S&P500 companies in terms of female board representation.
D Boone Wayson, who makes way for Satre in the chair later this year, commented: “Matt has ushered in a new era at Wynn, providing outstanding leadership since stepping into the CEO role, and we are pleased to officially welcome him as a director on the board. We are also pleased to add another high-calibre independent director with Rich. His deep financial expertise and knowledge of the lodging, leisure and gaming industries, including extensive familiarity with Wynn, will further enhance the Board’s expertise.”
Maddox commented: “We have made it our top priority to implement meaningful change at Wynn Resorts and have made demonstrable progress over the past six months. I am excited to be part of this refreshed board that is committed to growing the premier brand in luxury resort development.”
Byrne stated: “I am very familiar with the Wynn Resorts’ 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.”