Craig Billings, CEO of Wynn Interactive and who has served as President and CFO of Wynn Resorts, was unanimously chosen by the Board to become the group’s next CEO and member of the Board, effective 1 February 2022.
And following a unanimous request by the Board, Maddox has agreed to remain on the Wynn Macau Limited and Wynn Interactive Limited Boards through the end of 2022.
Philip G. Satre, Chairman of the Board for Wynn Resorts, said: “Matt has done an incredible job as CEO since his appointment four years ago. He very successfully led the company through what could have been one of the most disruptive business transitions in decades.
“Matt’s strategy to confront the pandemic and its economic impact on the company proved to be the correct one: make decisions focused on the welfare of employees, guests and communities, and invariably the business and its shareholders will reap the rewards. He was a leader in the recovery of the Nevada hospitality industry, and his leadership in this area was recognised nationally as well.”
Maddox has been with the company for two decades, becoming its CEO in February 2018. He led the company through its most difficult period following the resignation of Wynn’s founder and the global pandemic, a statement from Wynn read.
Maddox commented: “This has not been an easy decision. I am leaving a company that I love and that’s full of people I admire. But I believe now is the right time for me and for the business.
“The last four years have been challenging but extremely rewarding, and I am incredibly proud that we accomplished so much. We quickly resolved litigation that had distracted the company for seven years. We reorganised the company’s leadership team and focused on our 28,000 employees, rebuilding and strengthening our powerful culture to focus on a common purpose: create and deliver the best guest experiences.”
