Caesars Entertainment announced that experienced executive Kim Harris Jones has been appointed to its Board of Directors.
Harris Jones is now the 10th member of the Caesars Board. Her new position is effective immediately.
Harris Jones has spent the latter half of her career working in food. Her last job was at the snack company Mondelez International, where she worked for 2.5 years until March 2015 when she retired.
She helped to oversee the progress of Kraft Heinz (then known as Kraft Foods) after it was spun off. Harris Jones was a senior vice president and controller at Kraft Foods since 2009.
Harris Jones spent 17 years in the automobile industry, with Chrysler. She held various leadership positions and eventually became senior vice president and corporate controller.
Harris Jones also spent six years with General Motors before joining Chrysler.
Harris Jones holds a Bachelor’s Degree in Accounting and an MBA from the University of Michigan. He is also a member of United Rentals TrueBlue, and Fossil Group.
Harris Jones’ “outstanding experience” is welcomed by Caesars CEO
Tom Reeg, CEO of Caesars Corporation commented on the announcement. He said he was pleased to welcome Harris Jones as a member of the Board. Her management experience, he says, will help Caesars move forward.
Reeg stated that Kim shares his vision of strategic and collaborative innovation. She has a wealth of experience in navigating through complex problems and successfully implementing changes for optimization.
I look forward to continuing to work with her and the other members of the board, as well as the management team, to achieve results for guests, team members, and shareholders.
Gary Carano, Caesars’ executive chairman said: “Kim Harris Jones has been a great addition to our leadership team.”
Kim will help us see the future of Caesars through a new lens. She has extensive finance experience and is known as an engaged and thoughtful leader in some of America’s largest automotive and consumer packaged goods companies.
Caesars will report its Q1 Results
Caesars is preparing to release its first quarter results today, 30 April.
Caesars reported that growth in its digital division drove revenue up by 6.5% on an annual basis. Revenue was higher across all divisions, with group revenue hitting $11.53bn (PS9.20bn/EUR10.78bn).
The group also returned to net profit as a result of this growth. The group’s net profit in 2023 was $786m. This is a significant improvement over the $899m loss of last year. The adjusted EBITDA increased by 21.7%, to $2.92bn.
Caesars announced the results and confirmed that it had acquired WynnBet Michigan’s igaming operation. The tribe signed an agreement for the long-term extension of the igaming rights to the Michigan market with Caesars.
Caesars now has access to Sault Tribe’s digital skins. This allows it to run additional brands in Michigan. Customers of WynnBet will be transitioned to Caesars Michigan’s igaming platforms later this year (pending regulatory approvals).
Caesars became the first online operator in North Carolina to offer sports betting on March 1. The Eastern Band of Cherokee Indians has launched its online sportsbook.
