Caesars appoints Jesse Lynn and Ted Papapostolou as independent directors
The two, both coming from Icahn Enterprises, will join effective immediately.
Key Points
- Jesse Lynn and Ted Papapostolou have been appointed as independent directors for Caesars
- The two are the General Counsel and CFO of Icahn Enterprises respectively
Jesse Lynn and Ted Papapostolou have been appointed as independent directors at Caesars.
Both join as part of Icahn Enterprises and will begin effective immediately, subject to regulatory approval. With the inclusion of Lynn and Papapostolou, the Caesars Board of Directors will contain 12 directors, 10 of which are independent.
Lynn is General Counsel of Icahn Enterprises and CPO of Icahn Capital. Prior to this, she has practiced corporate law at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, and at Gordon Altman Butowsky Weitzen Shalov & Wein. She is a director of JetBlue Airways, with previous director positions including roles with Crown Holdings, Xerox, Cloudera and more.
Meanwhile, Papapostolou has served as CFO of Icahn Enterprises, having also acted as company director since 2021 and as Secretary since 2020. He was the Chief Accounting Officer for the company between 2020 to 2023. Other roles under Papapostolou’s belt include Director of Viskase Companies, Director and Chairman of CVR Energy and more.
Good to know: Caesars recently became the first operator to launch a branded version of Pixiu Gaming’s Lucky Bonus Draw Keno, which will be available online to players in New Jersey and Ontario
On their appointments, Caesars Entertainment CEO Tom Reeg said, “I would like to welcome Jesse and Ted to the Board. Jesse and Ted bring diverse and relevant experience that will assist the Board in maximizing value for all shareholders.”
Icahn Enterprises Founder Carl Icahn added, “I have great respect for Tom Reeg and the senior management team and what they have accomplished since the merger in 2020. We look forward to working with Tom and the Board to maximize value for all shareholders, including by exploring strategic alternatives for the Company’s underappreciated digital business.”
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