In the past, it was announced the current Caesars CEO would be leaving the company, and the casino brand has found his replacement in Mr. Anthony Rodio. The casino and hospitality company announced on 16 April that they would have Mr. Rodio taking the chair.
He was highly recommended by the new majority shareholder of Caesars Mr. Carl Icahn. Mr. Rodio will join the company in the following 30 days where he will be tasked with the potential sale or merger. However, that is not the only thing he will be responsible for as the new CEO. He will also have to help the casino brand to deal with their long-term $18 billion debt amongst other things.
Anthony Rodio Operational Experience
Anthony Rodio has a long history of working in the casino and hospitality industry. He was praised by the Chairman of Caesars’ board, James Hunt saying that he is a highly accomplished and respected executive. He further noted that Mr. Rodio has a reputation for operational excellence with in-depth industry knowledge and proven leadership.
Among other companies, Mr. Rodio has worked as the CEO and president of Tropicana Entertainment Inc. and CEO of Affinity Gaming. However, his career started when he was an accounting clerk and moving to executive roles in various companies until recently where he will have the same position at Caesars.
As his last note about Anthony Rodio’s executive expertise, Mr. Hunt said that they are confident that he has the vision and depth that will lead their talented senior management to continue Caesars’ long history of creating value for shareholders and delighting guests.
Mr. Rodio commented on his new appointment saying “I have long admired Caesars and am optimistic about the Company’s prospects. Our industry is going through a time of transition and opportunity, and I look forward to leading Caesars’ exceptional team through the Company’s next phase of growth, innovation and value creation.”