Caesars to replace CEO Mark Frissora with Anthony Rodio
Caesars Entertainment Corp is expected to announce Monday the appointment of Anthony Rodio as its next chief executive, the Wall Street Journal reported. He currently serves as CEO of privately held Affinity Gaming.
The move to replace current CEO Mark Frissora comes after a push by billionaire activist investor Carl Icahn, who holds an 18% stake in the casino group, the Street says.
Caesars also is expected to announce that it has formed a board committee to work with bankers at PJT Partners Inc. to evaluate takeover interest it has received, some of the people said.
The casino operator has fielded overtures from multiple parties including Eldorado Resorts Inc. and Golden Nugget LLC and already has given those two bidders access to its financial records to conduct due diligence, some of the people said. The moves represent a nod to activist investor Carl Icahn, who controls roughly 18% of Caesars stock, according to filings, and has been pushing the company to consider Rodio as its next chief and to sell itself.
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