Caesars Names Veteran Of Las Vegas Strip As New CEO
NEW YORK (AP) — Caesars Entertainment is appointing a veteran of the Las Vegas Strip as its new chief executive.
The casino giant named Tony Rodio as CEO Tuesday. He'll replace Mark Frissora, who guided the company through bankruptcy reorganization after joining Caesars in 2015.
The change in leadership comes two months after billionaire investor Carl Icahn disclosed a large stake in the casino and began pushing for fundamental changes.
Rodio has over three decades of experience in the industry, including seven years as president and CEO of Tropicana Entertainment, which Icahn sold last year for $1.85 billion.
Rodio will leave his job as CEO of Affinity Gaming to join Caesars. Frissora was initially scheduled to end his tenure at Caesars in February, but delayed his departure until this month.