Wynn Resorts 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."