Gary Loveman joined Caesars Entertainment Corporation as Chief Operating Officer in 1998, after serving as an associate professor at the Harvard University Graduate School of Business Administration. He drew on his background in service-management to develop the gaming industry's most successful loyalty and analytics program, Total Rewards, which boasts more than 40 million members.
Since being named CEO in January 2003, Loveman has presided over a period of growth that included the 2004 purchase of Horseshoe Gaming and the World Series of Poker and the 2005 acquisition of Caesars Entertainment, Inc. In January 2008, Caesars went private in a $30.7 billion transaction led by private equity firms TPG Capital and Apollo. In the wake of the recent financial crisis, Loveman has led
Caesars' successful debt reduction and liquidity improvement strategies, while also adding Planet Hollywood to the Company's portfolio. Loveman was recognized as the gaming and lodging industry's best CEO by Institutional Investor magazine for four consecutive years.
Loveman is the past chairman of the American Gaming Association. He is a member of the President's Export Council and serves as Chairman of the Business Roundtable's Committee on Health and Retirement. He also serves as a director of Coach, Inc. and FedEx Corporation and sits on the Board of Trustees at Children's Hospital Boston and the Visiting Committee of the Department of Economics at M.I.T. He holds a Ph.D. in economics from M.I.T., where he was an Alfred Sloan Doctoral Dissertation Fellow, and a B.A. in economics from Wesleyan University.
Senior Partner at TPG Capital, LP and Head of the firm's North American Buyouts Group; Chairman of the Board of Kraton Polymers LLP; Director of Metro-Goldwyn-Mayer Studios Inc., Altivity Packaging, LLC, Aleris International, and Univision Communications, Inc.; a member of the Executive and Human Resources Committees of the Company.
Jeffrey T. Housenbold became a member of our Board in November 2011, in order to fill the vacancy created by the resignation of Jonathan Coslet. Mr. Housenbold was also appointed to serve on the Audit Committee. Mr. Housenbold has served as the President and Chief Executive Officer and a director of Shutterfly, Inc. since January 2005. Prior to joining Shutterfly, Mr. Housenbold served as Vice President of Business Development and Internet Marketing at eBay Inc. from January 2002 to January 2005. Previously, he was the Vice President & General Manager, Business-to-Consumer Group at eBay from June 2001 to January 2002, and served as Vice President, Mergers & Acquisitions at eBay from March 2001 to June 2001. Mr. Housenbold holds Bachelor of Science degrees in Economics and Business Administration from Carnegie Mellon University and a Master of Business Administration degree from the Harvard Graduate School of Business Administration. Mr. Housenbold currently serves on the Board of Directors of Clover, a mobile payments company, Digital Chocolate, a publisher of social and mobile games and the Children's Discovery Museum of San Jose.
Partner at TPG Capital, LP since 2004; President and Chief Executive Officer of Hotwire, Inc. from 2000 to 2003; Serves on the boards of directors of Univision Communications and Sabre Holdings; a member of the Finance Committee and the Nominating & Corporate Gov. Committee of the Company.
Founding partner of Apollo Global Management, LLC; Serves on the boards of directors of the general partner of AAA and Mobile Satellite Ventures; a member of the Executive and Human Resources Committee and the Finance Committee of the Company.
David B. Sambur was elected, and has agreed to serve, as a director of Caesars effective November 19, 2010. Mr. Sambur joined Apollo in 2004. Mr. Sambur has experience in financing, analyzing, investing in and/or advising public and private companies and their board of directors. Prior to joining Apollo, Mr. Sambur was a member of the Leveraged Finance Group of Salomon Smith Barney Inc. Mr. Sambur serves on the board of directors of Verso Paper and Momentive Performance Materials Holdings. Mr. Sambur graduated summa cum laude and Phi Beta Kappa from Emory University with a BA in Economics. Mr Sambur is a member of the Nominating & Corporate Gov. Committee of the Company
Director since April 2008; President of Swann, Inc.; Director of Hershey Entertainment and Resorts Company and H. J. Heinz Company. Mr. Swann is a member of the Human Resources Committee. He is also a member of the 162(m) Plan Committee, the Nominating and Corporate Governance Committee and the Audit Committee.
Director since April 2008 and from November 2003 to January 2008; Chairman of the Board and Chief Executive Officer of Williams Capital Group, L.P.; Chairman of the Board and Chief Executive Officer of Williams Capital Management, LLC; Director of The Partnership for New York City, the National Association of Securities Professionals, and Wal-mart Stores, Inc.; a member of the Audit Committee and the 162(m) Plan Committee of the Company.