LAS VEGAS--(BUSINESS WIRE)--Oct. 15, 2015--
Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts," "Wynn" or "the
Company") today announced the appointment of Clark T. “Sandy” Randt, Jr.
and Patricia Mulroy to its Board of Directors, effective October 15,
2015. Ambassador Randt and Ms. Mulroy have been appointed as Class III
(with a term expiring at the 2017 Annual Meeting) and Class I (with a
term expiring at the 2018 Annual Meeting) Directors, respectively. Ms.
Mulroy will also serve on the Board’s Compensation and Nominating and
Corporate Governance Committees. With the appointment of Ambassador
Randt and Ms. Mulroy, the Wynn Board of Directors now consists of nine
Directors, seven of whom are independent.
Patricia Mulroy brings more than 30 years of regional government
experience to the Board, performing in numerous leadership roles
focusing on Nevada’s public infrastructure. Most recently, she served as
a Commissioner of the Nevada Gaming Commission and a member of the
Global Agenda Council on Water of the World Economic Forum. Prior to
that, she served as General Manager of the Southern Nevada Water
Authority from 1993 to 2014 and was the General Manager of the Las Vegas
Valley Water District from 1989 to 2014.
"In the 45 years that I have been in business in Las Vegas, Pat Mulroy
has been one of the most impressive public servants, running a large
organization and dealing with complex issues. Her career managing both
the Las Vegas and Southern Nevada Water Authorities was marked by a
singular professional sensitivity to the sometimes competing needs of
the community and the environment. My opinion is obviously shared at all
levels of this state and its government, as evidenced by her appointment
to the Nevada Gaming Commission by Governor Sandoval in 2014. Pat
Mulroy’s willingness to join our board and apply her independent
judgment on all matters is a marvelous and positive development at Wynn
Resorts,” commented Stephen A. Wynn, Chairman and CEO.
Clark T. Randt, Jr. is currently President of Randt & Co. LLC, which
advises firms with interests in China. Additionally, he serves as a
Director of Qualcomm Inc., UPS and Valmont. He is also a member of the
Council on Foreign Relations. Ambassador Randt was the longest serving
United States Ambassador to the People's Republic of China, stationed in
Beijing from 2001 to 2009. Prior to that, Ambassador Randt was a partner
at the international law firm of Shearman & Sterling, heading the firm's
substantial China practice out of Hong Kong. Ambassador Randt’s
extensive experience in Asian business operations and U.S. investment in
China will be invaluable to Wynn’s Board of Directors.
With respect to Ambassador Randt’s appointment, Mr. Wynn noted,
“Considering our overwhelming commitment to the People’s Republic of
China and the Special Administrative Region of Macau, we are very
fortunate to have Ambassador Randt joining our board. Ambassador Randt’s
relationship with the central government of Beijing gives him a unique
perspective on that government’s most fundamental issues and concerns.
His appointment to manage our embassy in Beijing capped a stunning
career that began as one of the leading attorneys of an American law
firm in Hong Kong. Ambassador Randt speaks the language and understands
the people; this sensitivity will inure to the benefit of Wynn Resorts
and all of its shareholders.”
About Patricia Mulroy
Pat Mulroy is currently a member of the Global Agenda Council on Water
of the World Economic Forum. She is also a Senior Fellow for Climate
Adaptation and Environmental Policy at UNLV’s Brookings Mountain West,
Distinguished Maki Faculty Advisor at the Desert Research Institute, and
a Senior Fellow in the Brookings Institution’s Metropolitan Policy
Program in Washington D.C. From July 2014 through October 2015, Ms.
Mulroy served on the Nevada Gaming Commission. From 1995 to 2014, she
was Nevada’s representative on Colorado River Basin issues, serving as
the lead negotiator from 2007 to 2014. From 1993 to 2014, she served as
General Manager of the Southern Nevada Water Authority. She also served
as the General Manager of the Las Vegas Valley Water District from 1989
to 2014. Prior to 1989, she held various positions in the public sector
in Nevada. Ms. Mulroy holds a Bachelor’s Degree and a Master of Arts
from University of Nevada, Las Vegas.
About Clark T. Randt, Jr.
Clark T. Randt, Jr. is currently President of Randt & Co. LLC, which
advises firms with interests in China. He has been a Director of Valmont
Industries since February 2009, a Director of United Parcel Service
since August 2010, and a Director of Qualcomm Inc. since October 2013.
He is also a member of the Council on Foreign Relations. From July 2001
to January 2009, Ambassador Randt served as the United States Ambassador
to the People's Republic of China. Prior to that, he was a partner at
international law firm Shearman & Sterling, heading the firm's
substantial China practice out of Hong Kong. Ambassador Randt is a
member of the New York bar association and was admitted to the Hong Kong
bar association and has over 25 years of experience in cross-border
corporate and finance transactions. He served as former Governor and
First Vice President of the American Chamber of Commerce in Hong Kong.
From 1982 to 1984, he served as First Secretary and Commercial Attaché
at the U.S. Embassy in Beijing and in 1974, he was the China
representative of the National Council for United States-China Trade.
From 1968 to 1972, Ambassador Randt served in the United States Air
Force Security Service. He holds a Bachelor’s Degree from Yale
University and a Juris Doctor from the University of Michigan.
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq: WYNN) is traded on the Nasdaq Global
Select Market under the ticker symbol WYNN and is part of the S&P 500
and NASDAQ-100 Indexes. Wynn Resorts owns and operates Wynn and Encore
Las Vegas (www.wynnlasvegas.com)
and Wynn and Encore Macau (www.wynnmacau.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total
of 4,748 spacious hotel rooms, suites and villas, approximately 186,000
square feet of casino space, 34 food and beverage outlets featuring
signature chefs, two award-winning spas, an on-site 18-hole golf course,
meeting space, a Ferrari and Maserati dealership, approximately 99,000
square feet of retail space as well as two showrooms; three nightclubs
and a beach club.
Wynn and Encore Macau is a destination casino located in the Macau
Special Administrative Region of the People's Republic of China with two
luxury hotel towers with a total of 1,008 spacious rooms and suites,
approximately 280,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 57,000 square feet of retail
space, recreation and leisure facilities, including two health clubs,
two spas and a pool.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151015006635/en/
Source: Wynn Resorts, Limited
Wynn Resorts, Limited
Mark Strawn, 702-770-7555