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Wynn Resorts Ltd., the casino operator reeling from a sexual-abuse scandal tied to its former chief executive officer, named three new board members — all of them women.
Dee Dee Myers, President Bill Clinton’s former spokeswoman; Betsy Atkins, a corporate-governance advocate; and Wendy Webb, former investor-relations chief at Walt Disney Co., were appointed to the Wynn Resorts board at a meeting Tuesday. The move enlarges and diversifies the board at a company that earned the lowest possible score in corporate governance last year from the advisory firm Institutional Shareholder Services Inc.
Company founder Steve Wynn stepped down in February following a series of news stories detailing years of alleged sexual abuse at the company. Wynn has since sold all his shares in the business, which operates luxury resorts in Las Vegas and Macau and is building another near Boston. Still, regulators continue to probe the former executive’s behavior and the company’s response, potentially jeopardizing Wynn Resorts’ casino licenses in those jurisdictions.
On Tuesday, ex-wife Elaine Wynn, now the company’s largest individual shareholder, said she wanted to see new board appointees and would like to nominate them herself.
The company’s new CEO, Matt Maddox, indicated last week that he would be willing to sell the $2.5 billion resort under construction in Everett, Massachusetts, something Elaine Wynn said should not happen without changes to the company’s board.
Two longtime Wynn Resorts board members, Ray Irani and Alvin Shoemaker, stepped down in the wake of the scandal.
Myers currently serves as head of communications for film and TV studio Warner Bros. Atkins, an author, previously ran the company that made PowerBar snacks, while Webb runs consulting firm Kestrel Advisors.
©2018 Bloomberg L.P.