LAS VEGAS, Aug. 7, 2018 /PRNewswire/ -- Wynn Resorts
(NASDAQ: WYNN) today announced that it has expanded its Board of
Directors to 11 members with the appointment of CEO Matt Maddox and independent director
Richard J. Byrne. These two
additions to the Board, combined with the recent appointment of
Phil Satre as Vice Chairman, who
will succeed D. Boone Wayson as Chairman of the Board at the end of
2018, reflect a comprehensive overhaul of the Wynn Resorts
Board.
Over the past six months, the Company has appointed six new
directors to its Board and announced the departure of five legacy
directors. One-third of the Wynn Resorts Board is comprised
of women – which is in the top 10% among S&P 500 companies in
terms of female board representation.
"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," said
Wayson. "We are also pleased to add another high-caliber
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."
Matt Maddox said, "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."
"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," said Byrne. "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."
About Matt
Maddox
Matt Maddox is
CEO of Wynn Resorts, overseeing day-to-day operations and global
growth for the most recognized luxury resort brand in the world.
Mr. Maddox was one of the Company's first employees in 2002, the
year it was founded, serving as Treasurer and Vice President of
Investor Relations and responsible for helping to secure the
financing to build Wynn Las Vegas. Recognizing the incredible
potential for a resort in Macau,
Mr. Maddox was among the first of the Wynn executive team to
relocate to China in 2003,
becoming the Chief Financial Officer of Wynn Resorts Macau.
During his three years in Asia,
he was a key leader on the pre-opening team that built the
organization from ground breaking through the resort opening. In
2005, Mr. Maddox was named Senior Vice President of Business
Development for Wynn Las Vegas, and in 2008 was named Chief
Financial Officer for Wynn Resorts.
In November 2013, Mr. Maddox was
named President of Wynn Resorts, where he once again turned his
focus to China, this time in
Cotai. Mr. Maddox helped lead the development and opening of the
$4.2 billion Wynn Palace -- the only
Five-Star resort in the world with more than 1,000 rooms.
In February 2018, Mr. Maddox
assumed the role of CEO of Wynn Resorts, a position that allows him
to continue the company's tradition of transforming destinations
worldwide.
About Richard J.
Byrne
Throughout his career, Richard Byrne has worked extensively with
numerous gaming companies, including Wynn Resorts, in arranging
debt and equity financing and providing strategic advice.
Mr. Byrne is currently the President of Benefit Street Partners.
He also serves as Chairman and Chief Executive Officer of Business
Development Corporation of America and Chairman and Chief Executive
Officer of Benefit Street Partners Realty Trust, Inc. Prior to
joining Benefit Street Partners in April
2013, Mr. Byrne was Chief Executive Officer of Deutsche Bank
Securities, Inc. He was also the Global Co-Head of Capital Markets
at Deutsche Bank as well as a member of the Global Banking
Executive Committee and the Global Markets Executive Committee.
Before joining Deutsche Bank, Mr. Byrne was Global Co-Head of
the Leveraged Finance Group and Global Head of Credit Research at
Merrill Lynch & Co. He was also a perennially top-ranked credit
analyst, principally in the gaming, lodging and leisure sector. Mr.
Byrne earned an M.B.A. degree from the Kellogg School of Management
at Northwestern University and a B.A.
degree from Binghamton University. Mr. Byrne is a member of the
Board of Directors of MFA Financial, Inc. and New York Road
Runners. He is also the Founder and Chief Executive Officer of
Kasai Elite Grappling Championships.
About Wynn Resorts
Wynn Resorts, Limited is traded on
the Nasdaq Global Select Market under the ticker symbol WYNN and is
part of the S&P 500 Index. Wynn Resorts owns and operates Wynn
Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com) and Wynn
Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a
total of 4,750 spacious hotel rooms, suites and villas,
approximately 192,000 square feet of casino space, 22 dining
experiences featuring signature chefs and 11 bars, two
award-winning spas, approximately 290,000 square feet of meeting
and convention space, approximately 110,000 square feet of retail
space as well as two showrooms; three nightclubs, a beach club and
recreation and leisure facilities. A luxury retail Strip-front
expansion, Wynn Plaza, is currently
under construction and is scheduled to debut the second half of
2018.
Wynn Macau is a luxury hotel and casino resort located in the
Macau Special Administrative Region of the People's Republic of China with two luxury
hotel towers with a total of 1,008 spacious rooms and suites,
approximately 273,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 31,000 square feet of
meeting and convention space, approximately 59,000 square feet of
retail space, and recreation and leisure facilities including two
opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed
destination, it boasts 1,706 exquisite rooms, suites and villas,
approximately 420,000 square feet of casino space, 11 food and
beverage outlets, approximately 37,000 square feet of meeting and
convention space, approximately 106,000 square feet of designer
retail, SkyCabs that traverse an eight-acre Performance Lake, an
extensive collection of rare art, a lush spa, salon and recreation
and leisure facilities.
Wynn Resorts is currently constructing Encore Boston Harbor
located in Everett,
Massachusetts.
View original content with
multimedia:http://www.prnewswire.com/news-releases/wynn-resorts-appoints-matt-maddox-and-richard-j-byrne-to-board-of-directors-300693576.html
SOURCE Wynn Resorts