Board of Directors
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.
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.
Partner at Apollo Global Management, LLC since 1998; Serves on the boards of directors of Oceania Cruise Holdings, Noranda Aluminum, Affinion Group, Metals USA Holdings and Quality Distribution, Inc.
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.