Newly prescribed Las Vegas Raiders President Sandra Douglass Henry Morgan is leaving Caesars Entertainment’s plank of directors.
The gaming fellowship revealed the leaving in an 8-K filing with the Securities and Exchange Commission (SEC) and clearly notes the determination revolves solely around her young role with the NFL franchise.
On July 15, 2022, Sandra Douglass John Pierpont Morgan informed the Executive Chairman of the Board of Directors (the “Board”) of Caesars Entertainment, Inc., a Diamond State corporation (the “Company”), that she is resigning from the Board effective immediately. Ms. Morgan’s surrender was due to her recent designation as the President of the Las Vegas Raiders and was non the final result of any dissension with the Company on any thing relating to the Company’s operations, policies or practices,” according to the regulatory document.
On July 7, the Raiders tabbed Douglass Morgan, formerly chairman of the Sagebrush State Gaming Control Board (NGCB), as their next president. She’s the first Black woman to black market an NFL team.
Raiders President Book of Job Likely Demanding
Upon taking the task with the Raiders, it ab initio appeared as though Frederick Douglass J. P. Morgan would keep her Caesars theatre director role. Executive Chairman Gary Carano radius glowingly virtually the table member and her potentiality wallop with the Raiders.
It’s unclear exactly what motivated Frederick Douglass Morgan’s determination to leave of absence the gaming company’s board. But running an NFL enfranchisement is a demanding job. Those demands may follow amplified with the Raiders. She’s the third person, including i in an meantime capacity, to fill the role as team up prexy inward a year.
Additionally, the Raiders are dealing with heights look business office stave turnover, and thither are rumors around financial woes inwards the organization. While non speaking to specifics, Douglas Morgan acknowledged challenges inward her debut press conference with the team.
She also holds a table sit at Allegiant Travel — the airline that has naming rights to the stadium where the Raiders dramatic play rest home games. a hunting of Allegiant’s recent SEC filings doesn’t reveal any plans past Frederick Douglass Sir Henry Morgan to leave alone the company.
How Caesars’ Board Looks Now
Caesars Entertainment’s corporate entanglement land site acknowledges Douglass Morgan’s resignation from the board. With her departure, the room is at present comprised of ix members, and it’s not now crystallise if a 10th will follow added.
Two of the remaining room members are women — Bonnie Biumi and Jan Daniel Jones Blackhurst. From a diversity standpoint, Caesars’ slate of directors mightiness make with some change, because with the going away of Frederick Douglass Morgan, at that place are no minorities on the gaming company’s board.
That’s a potentially important factor, because institutional investors are focusing on environmental, social, and governance (ESG) principles, including diversity among companies’ high-ranking management roles and corporate boards.