Caesars Entertainment Expands Board with Two Independent Directors

Caesars Entertainment, has announced the appointment of two independent directors to its Board of Directors. Jesse Lynn, General Counsel of Icahn Enterprises, and Ted Papapostolou, Chief Financial Officer of Icahn Enterprises, have officially ed the board, pending standard regulatory approvals.

Strengthening Leadership with New Appointments

With the addition of Lynn and Papapostolou, Caesars’ Board of Directors has grown to 12 , 10 of whom are independent. Caesars Entertainment CEO Tom Reeg welcomed the new directors, highlighting their experience and expertise.

“I would like to welcome Jesse and Ted to the Board,” said Reeg. “Jesse and Ted bring diverse and relevant experience that will assist the Board in maximizing value for all shareholders.”

Carl C. Icahn, founder of Icahn Enterprises, expressed his for Caesars’ leadership and strategic direction, stating, “I have great respect for Tom Reeg and the senior management team and what they have accomplished since the merger in 2020. We look forward to working with Tom and the Board to maximize value for all shareholders, including by exploring strategic alternatives for the Company’s underappreciated digital business.”

The appointment of Lynn and Papapostolou follows an agreement between Caesars Entertainment and Icahn Enterprises. As part of this agreement, Icahn Enterprises and certain s have committed to customary standstill provisions, voting commitments, and other conditions.

Regulatory Filings and Corporate Developments

Further details regarding the agreement with the Icahn Group will be disclosed in a Current Report on Form 8-K, which Caesars Entertainment will file with the Securities and Exchange Commission (SEC). This filing will provide investors with more comprehensive insights into the board changes and governance structure.

Caesars Entertainment, known for its iconic brands such as Caesars Palace, Harrah’s, and Horseshoe, continues to focus on corporate governance and shareholder value. The company has expanded through new resort developments and acquisitions, reinforcing its leadership in the casino and hospitality industry.

Source:

‘’Caesars Entertainment adds two Icahn Enterprises staffers to board’’, cdcgaming.com, March 18, 2025.