Caesars Taps New Blood: Jesse Lynn and Ted Papapostolou Join the Board
Caesars Entertainment appoints two employees from Icahn Enterprises to its board of directors
Hey there! Let's talk about some exciting news in the world of casinos - Caesars Entertainment!
The gaming giant has welcomed two new independent directors, Jesse Lynn and Ted Papapostolou, to its board. Both of these fresh faces have strong connections to Carl Icahn, a big-time shareholder who resurfaced in Caesars' ownership last year 1.
As the General Counsel of Icahn Enterprises, Jesse Lynn brings his legal expertise to the table 1. Meanwhile, Ted Papapostolou holds the position of Chief Financial Officer (CFO) at Icahn Enterprises, adding a financial twist to the mix 1.
Before you get worried about the new leadership, rest assured that these appointments - made public in March 2025 - only expand the board to 12 members, with a solid 10 of those being independent directors 1.
However, the additions have been met with excitement by Icahn himself. In a statement, he expressed enthusiasm about collaborating with CEO Tom Reeg and the board, aiming to maximize value for all shareholders, with a particular focus on the underappreciated digital business 1. According to recent SEC filings (April 2025), both directors are set to participate in voting items for the 2025 Annual Meeting [5].
So, buckle up, folks! It looks like Caesars Entertainment is ready to leap into new heights with these new additions to the team 1.
[5]: https://www.sec.gov/cgi-bin/bz-srch3.cgi?CFN=CEAS&CIK=0001260412&type=10-K%20%28Annual%29%20Basic%20File&year =all&action=getall#txt1001.txt
- The new directors, Jesse Lynn and Ted Papapostolou, both have strong connections to Carl Icahn, a significant shareholder of Caesars Entertainment.
- Jesse Lynn, General Counsel of Icahn Enterprises, brings his legal expertise to the Caesars board.
- Ted Papapostolou, Chief Financial Officer at Icahn Enterprises, adds a financial perspective to the Caesars board with his appointment.
- With the addition of Lynn and Papapostolou, the Caesars board now has 12 members, 10 of whom are independent directors.
- Icahn himself is excited about the collaboration with CEO Tom Reeg and the expanded board, aiming to maximize value for all shareholders, particularly focusing on the digital business, which includes casino-and-gambling, casino-games, and casino-culture.
