Posted on: July 19, 2022, 05:19h.
Last updated: July 19, 2022, 05:56 AM.
Newly-appointed president of Las Vegas Raiders, Sandra Douglass Morgan, is leaving Caesars Entertainment’s board of directors.
Newly appointed Raiders president Sandra Douglass Morgan at her first press conference in that role earlier this month. She leaves her board seat at Caesars. (Image: Yahoo Sports)
The gaming company disclosed the departure in an 8-K filing with the Securities and Exchange Commission (SEC), clearly noting that the decision revolves solely around its new role with the NFL franchise.
On July 15, 2022, Sandra Douglass Morgan informed the executive chairman of the board of directors (the “Board”) of Caesars Entertainment, Inc., a Delaware corporation (the “Company”) that she is resigning from the Board effective immediately. of management . Ms. Morgan’s resignation resulted from her recent appointment as president of the Las Vegas Raiders and was not the result of any disagreement with the company on any matter related to the company’s operations, policies or practices,” the statement said. the regulatory document.
On July 7, the Raiders nominated Douglass Morgan, formerly chairman of the Nevada Gaming Control Board (NGCB), as their next president. She is the first black woman to lead an NFL team.
Raiders President Job Probably Demanding
When she took the job with the Raiders, it initially looked like Douglass Morgan would keep her role as Caesars director. Executive Chairman Gary Carano spoke enthusiastically about the board member and her potential impact on the Raiders.
It is unclear what exactly motivated Douglass Morgan to leave the gaming company’s board. But running an NFL franchise is a demanding job. Those demands can be reinforced with the Raiders. She is the third person, including one in an interim position, to fill the role of team chairman in a year.
In addition, the Raiders are dealing with high staff turnover in the front office and there are rumors of financial problems in the organization. Though Douglas Morgan didn’t go into details, acknowledged challenges during her debut press conference with the team.
She also holds a board seat at Allegiant Travel – the airline that has naming rights to the stadium where the Raiders play home games. An investigation of Allegiant’s recent SEC filings reveals no plans by Douglass Morgan to leave the company.
What the Caesars board looks like now
Caesars Entertainment corporate website confirms Douglass Morgan’s resignation from the board of directors. With her departure, the board now consists of nine members and it is not immediately clear whether a tenth will be added.
Two of the other board members are women: Bonnie Biumi and Jan Jones Blackhurst. From a diversity standpoint, Caesars’s list of directors might use some change, as with the departure of Douglass Morgan, there are no minorities on the gaming company’s board.
That is a potentially important factor, as institutional investors focus on environmental, social and governance (ESG) principles, including diversity between high-level management positions and company boards.
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