Board of Directors
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 and social games leader Playtika 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.
Mark P. Frissora is CEO Designate of Caesars Entertainment. He will become Chief Executive Officer of the Company on June 30, 2015. Mr. Frissora has 38 years of business experience that spans all levels of management and functional roles, including the last 14 years as Chairman and CEO of two Fortune 500 companies.
Prior to joining Caesars Entertainment, he was Chairman and CEO of Hertz Global Holdings, Inc. He led the $10.8 billion global car and equipment rental leader with more than 41,000 employees and operations in 145 countries from 2006 to 2014. During Mr. Frissora’s tenure, Hertz expanded its U.S. off-airport business to almost 3,000 locations, launched the Hertz 24/7 hourly car rental service using on demand technology and acquired Donlen, Inc., a leading North American vehicle fleet leasing and management company.
Prior to joining Hertz in July 2006, Mr. Frissora led Tenneco, Inc., the $7.4 billion global supplier of automotive emission control and ride control products, where he served as Chairman and Chief Executive Officer from 2000 to 2006. His past positions include roles in sales, marketing and brand management at General Electric as well as senior roles overseeing supply chain, engineering and manufacturing at Tenneco. He also held positions at Aeroquip-Vickers Corporation and Philips NV.
Mr. Frissora was named one of Business Travel News’ Most Influential Business Travel Executives of 2012 and was presented with the 2012 Oliver R. Grace Award for Distinguished Service in Advancing Cancer Research by the Cancer Research Institute.
Mr. Frissora holds a B.A. degree from The Ohio State University and has completed executive development programs at the University of Pennsylvania’s Wharton School and the Thunderbird International School of Management. He is a Director of Walgreens Boots Alliance and Delphi Automotive plc. He is also a member of the McKinsey’s CEO Advisory Council.
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 Committee, the Human Resources Committee, the Finance Committee and the Nominating and Corporate Governance Committee of the Company.
Fred J. Kleisner was elected, and has agreed to serve, as a director of Caesars effective July 23, 2013. Mr. Kleisner was also appointed to serve on Caesars Audit Committee.
Mr. Kleisner has been Senior Advisor of Morgans Hotel Group Co., served as the President of Hard Rock Hotel Inc. and Hard Rock Hotel Holdings LLC and also served as the Chief Executive Officer of Morgans Hotel Group Co. He has also served in management positions with Rex Advisors, LLC, Wyndham International, Inc., and Starwood Hotels & Resorts Worldwide, Inc., Westin Hotels and Resorts, Interstate Hotels Company, The Sheraton Corporation, and Hilton Hotels, Corp.
Since August 2011, Mr. Kleisner has served as a director of Apollo Residential Mortgage, Inc. (NYSE:AMTG) and as a member of their Audit Committee and Compensation Committee. In addition, since April 2009, he has served as a director of Kindred Healthcare, Inc (NYSE:KND), where he is the Chairman of their Executive Compensation Committee, and serves on their Compliance and Quality Committee.
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 and the Nominating and Corporate Governance 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.