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Caesars Entertainment CEO steps down

Niji Narayan



Caesars Entertainment CEO steps down
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Mark Frissora, the CEO of Caesars Entertainment, has decided to step down after leading the company for three years. He would stay in the position till February 2019. The company has not announced any immediate replacement.

Frissora, who assumed the current role in February 2015, had served as CEO of car rental company Hertz and auto parts manufacturer Tenneco prior to that.

Meanwhile, Caesars published its third-quarter earnings. The company reported earnings of 14 cents per share. The company performed slightly below revenue expectations, reporting $2.19 billion in revenue compared to the $2.21 billion analysts expected.

Under Frissora, Caesars shares fell more than 20 per cent. The company successfully emerged from bankruptcy last year after a restructuring process.

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