Caesars Names New CEO, Forms Committee To Explore Sale

Under pressure from activist investor Carl Icahn, Caesars Entertainment has appointed Anthony Rodio as its new chief executive and set up a committee to explore the possible sale of the company.

Rodio, currently serving as CEO of regional casino operator Affinity Gaming in Las Vegas, will replace current CEO Mark Frissora. Frissora announced in November he would step down in February but later said he would stay on until a new chief executive was found.

Frissora joined Caesars in 2015 from rental car company Hertz and helped guide the company through a two-year bankruptcy proceeding.

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