Mohegan has introduced three new executives to its team as part of its 2024 growth objectives. Joffre Wells, Kelly Leung and Kelly Sullivan will be taking on the roles of VP of Capital Markets, Investor Relations and Corporate Treasurer, SVP of International Marketing and VP of People Operations respectively.
In a meeting discussing the company’s 2023 earnings, Mohegan spoke of 2023 generating its highest annual net revenue in its 27 years of operations, having grown by $81.7m this year. It also was the company’s second-highest adjusted EBITDA.
Other notable growth points for the company include its recently opened South Korean venue, Inspire. The company will acquire its gaming license in Q1 2024, with COO Jody Madigan stating: “I do believe that [Inspire] will be cash-flow positive by the end of the year.”
Of course, big goals and objectives require an executive team capable of delivering results, with Wells, Leung and Sullivan set to be a part of this.
Wells has experience in a wide range of trading positions and will use his experience to guide Mohegan's capital planning. Leung comes to her role with nearly 30 years of experience in entertainment and gaming, having formally held the position of VP of Player Development of Asian Marketing at Mohegan Sun, taking on the role in 2006.
Meanwhile, Sullivan comes to the role of VP of People Operations with a decade of experience at Mohegan under her belt. She will lead the Corporate People Operations at Mohegan which includes overseeing recruitment, hiring, performance management and other high-level internal business duties.
On the new executive hires, President & CEO of Mohegan Ray Pineault said, "We're so thrilled to have Joffre Wells join our team… Kelly Sullivan and Kelly Leung are also exemplary team members at Mohegan and their respective promotions are well deserved.
“Our leadership at Mohegan is as strong as ever as we head into 2024 where we'll meet new challenges and evolve our brand further."
