Caesars Entertainment, Inc. ·CZR

CEO, President/COO, and Executive Chairman form a three-headed apex

Hotels, Restaurants & Leisure · Fortune #376 · Hybrid structure · 50K employees · Reno, Nevada

View as of:
5
CEO span
↓ tighter than peers (avg 8)
2.6
Avg span
moderate
3
Max depth
3 levels
5.2 yr
Avg tenure
stable vs FY2024
80%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$11.5B
Operating income
$1.9B
Net income
$-502000000
Total assets
$31.6B
Shares out
204M

Sourced from Caesars Entertainment, Inc. DEF 14A · filed 2026-04-23 ↗ View on SEC

Interactive org chart

Caesars Entertainment, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Caesars Entertainment operates with an unusual three-part leadership apex, combining an Executive Chairman, CEO, and President/COO. This page maps the executive structure, highlights operational and compliance-heavy reporting lines, and compares Caesars’ governance depth with major casino peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Don R. Kornstein departed as Vice Chair, Board of Directors

Resigned from the Board effective December 31, 2025.

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to centralize data, personalization, and gaming analytics.
  • Consolidate Regional Operations Reduce regional layers by moving SVP regional leaders to report directly to the CEO, flattening operations.

Atlas work this supports

  • Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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  • Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.

The people

Who's running this

6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Thomas R. Reeg

Chief Executive Officer

Executive

5 yr

11 reports

internal

Anthony L. Carano

President and Chief Operating Officer

Operations

4 yr

2 reports

internal

Bret Yunker

Chief Financial Officer

Finance

6 yr

2 reports

internal

Stephanie Lepori

Chief Accounting, Human Resources, and Administrative Officer

HR & Administration

6 yr

0 reports

internal

Edmund L. Quatmann, Jr.

Chief Legal Officer

Legal

7 yr

2 reports

Chris Holdren

Chief Marketing Officer

Marketing

3 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.

Thomas R. Reeg $17.2M
Base salary
$2.06M
Stock awards
$11.99M
Non-equity incentive
$2.95M
Other
$202K
Fiscal year
FY2025
Source
SEC DEF 14A ↗

The businesses

How Caesars Entertainment, Inc. divides the work

3 divisions report into the group CEO. Tile size scales with estimated headcount.

Operations

40K employees

President and COO (Anthony L. Carano)

Oversees regional casino, hotel, and resort operations across the U.S.

Finance

2K employees

Chief Financial Officer (Bret Yunker)

Manages capital structure, treasury, accounting, and financial reporting.

Legal & Compliance

500 employees

Chief Legal Officer (Edmund L. Quatmann, Jr.)

Handles regulatory compliance, licensing, litigation, and governance.

The thesis

Why this org is unusual

Caesars’ most distinctive feature is its three-part apex: an Executive Chairman, a CEO, and a President/COO all actively shaping governance and operations.

The CEO has a relatively tight span of control, with core enterprise functions reporting directly, while day-to-day property operations are heavily concentrated under the President/COO.

This structure reflects Caesars’ regulatory intensity and asset-heavy footprint. Legal, compliance, and operations carry disproportionate weight, while finance and HR are centralized. Compared with consumer or tech peers, Caesars shows a more traditional, control-oriented hierarchy shaped by gaming regulation and regional property oversight.

  • Separate Executive Chairman and CEO roles
  • Operations centralized under President/COO
  • High legal and compliance prominence

The comparison

How Caesars Entertainment, Inc. stacks up

Relative to peers like MGM Resorts and Wynn Resorts, Caesars maintains a more layered governance model with an Executive Chairman role distinct from the CEO. MGM operates with a more conventional CEO–C-suite model, while Wynn is more founder-centric. Caesars’ structure emphasizes compliance and regional operations more …

C-suite size

Caesars Entertainment, Inc.
6
MGM Resorts International
9
Wynn Resorts
8
Las Vegas Sands
7
Penn Entertainment
8

Reporting depth

Caesars Entertainment, Inc.
3 levels
MGM Resorts International
4 levels
Wynn Resorts
4 levels
Las Vegas Sands
4 levels
Penn Entertainment
4 levels

Avg C-suite tenure

Caesars Entertainment, Inc.
5 yr
MGM Resorts International
5 yr
Wynn Resorts
6 yr
Las Vegas Sands
7 yr
Penn Entertainment
4 yr

Has COO / Has CAIO

Caesars Entertainment, Inc. ✓ COO — no CAIO
MGM Resorts International ✓ COO — no CAIO
Wynn Resorts ✓ COO — no CAIO
Las Vegas Sands — no COO — no CAIO
Penn Entertainment ✓ COO — no CAIO

Current signals

What changed recently

The most notable recent change was the December 2025 resignation of Vice Chair Don R. Kornstein from the Board.

  • departed
    Don R. Kornstein Vice Chair, Board of Directors

    Resigned from the Board effective December 31, 2025.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-04-23
CEO
Thomas R. Reeg
CEO span
5
C-suite
5
Avg tenure
5.2 yr

Stable executive team with extended employment agreements through 2027.

Named executive officers (5)
  • Thomas R. Reeg - CEO since 2020
  • Bret Yunker - CFO since 2019
  • Anthony L. Carano - President & COO since 2019
  • Edmund L. Quatmann, Jr. - Chief Legal Officer since 2018
  • Stephanie Lepori - Chief Administrative Officer since 2019
FY2024
DEF 14A filed 2025-04-24
CEO
Thomas R. Reeg
CEO span
5
C-suite
5
Avg tenure
4.8 yr

Employment agreements amended and extended for all NEOs.

Named executive officers (5)
  • Thomas R. Reeg - CEO since 2020
  • Bret Yunker - CFO since 2019
  • Anthony L. Carano - President & COO since 2019
  • Edmund L. Quatmann, Jr. - Chief Legal Officer since 2018
  • Stephanie Lepori - Chief Administrative Officer since 2019
FY2023
10-K filed 2024-02-20
CEO
Thomas R. Reeg
CEO span
5
C-suite
5
Avg tenure
4.3 yr

Post-merger leadership fully stabilized.

Named executive officers (5)
  • Thomas R. Reeg - CEO since 2020
  • Bret Yunker - CFO since 2019
  • Anthony L. Carano - President & COO since 2019
  • Edmund L. Quatmann, Jr. - Chief Legal Officer since 2018
  • Stephanie Lepori - Chief Administrative Officer since 2019

Year-over-year changes

FY2024 → FY2025

Board leadership changed with the resignation of Vice Chair Kornstein, while the executive team remained unchanged.

  • Avg tenure: 4.8 → 5.2 yr
  • departed Don R. Kornstein - Vice Chair, Board (was Vice Chair) (8-K, Dec 3 2025)

The board

Board of directors

2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.

Gary L. Carano

Chair Inside

Executive Chairman, Caesars Entertainment

Director since 2014

David P. Tomick

Lead Indep. Independent

The board, organized

Board committees

1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit Committee

100% independent
  • Gary L. Carano Chair

Frequently Asked Questions

Who is the CEO of Caesars Entertainment?

Thomas R. Reeg has served as CEO since 2020 following the Eldorado–Caesars merger.

What type of organizational structure does Caesars Entertainment use?

Caesars uses a hybrid enterprise structure with centralized corporate functions and regionally managed operations.

How many direct reports does Caesars Entertainment's CEO have?

The CEO has five direct executive reports.

How has Caesars Entertainment's leadership changed recently?

In December 2025, Vice Chair Don R. Kornstein resigned from the Board, reducing board size and independent leadership depth.

Does Caesars Entertainment have a COO?

Yes. Anthony L. Carano serves as President and Chief Operating Officer.

Sources

  • 8-K Filing, Dec 2025
  • SEC EDGAR: Caesars Entertainment, Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Caesars Entertainment, Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th
Creately. (2026). Caesars Entertainment, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/caesars-entertainment/
MLA 9th
"Caesars Entertainment, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/caesars-entertainment/. Accessed .
Chicago 17
Creately. "Caesars Entertainment, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/caesars-entertainment/.
Original SEC source View on SEC ↗
Caesars Entertainment, Inc.. DEF 14A. Filed 2026-04-23. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1590895/000119312526174058/d140199ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/caesars-entertainment/ · last updated 2026-04-01

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