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Caesars Reportedly In Talks To Offer Carl Icahn Role In Selecting Its New CEO

(RTTNews) - Caesars Entertainment Corp (CZR) is in talks to offer Carl Icahn a role in selecting its new Chief Executive Officer as a part of an agreement that would also give the billionaire investor board seats, Reuters reported citing people familiar with the matter.

The negotiations come after Icahn disclosed a 9.8 percent stake in Caesars on Tuesday and said he could nominate a slate of directors to the company's board.

Icahn has proposed Anthony Rodio, the CEO of privately held casino gaming company Affinity Gaming, as the successor to Mark Frissora, who is due to step down as Caesars CEO later this year, the report said.

Caesars already has a shortlist of CEO candidates and has indicated to Icahn that it is willing to consider Rodio as well. As an alternative, the company could offer Rodio a role in overseeing its operations, the report said.

Caesars does not currently have a chief operating officer, although some of these duties are performed by its president, Tom Jenkin.
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