Caesars Entertainment CEO Stepping Down

Caesars Entertainment’s CEO, Gary Loveman is resigning after 12 years of service; however he will remain onboard as chairman of Caesars Entertainment and Caesars Entertainment Operating Company (CEOC).

Loveman said his decision is “the start of transitioning management of the company”.

As of July 1, 2015, the former chairman and CEO Mark Frissora of The Hertz Corporation, will step into the role of chief executive officer designee.

“My decision to begin to transition management now comes with the confidence that we have taken the steps necessary to ensure the company's long-term success,” Loveman said. “I am confident that the efforts underway to address the capital structure of CEOC and the announced merger of Caesars Acquisition Corporation and Caesars Entertainment will position Caesars for growth and prosperity for many years to come.”
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    I wonder what could possibly be next in a career where you have already been the CEO of something as large as Caesars... really seems like it has to be about as far as you can take that kind of role to me! A huge achievement to be at the helm for 12 years though and to see the brand through such tough times the past few years. Impressive record for sure.

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