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Caesars Gives Carl Icahn Three Seats on Company Board

  • Corrects director’s employment in story published on March 1
  • Icahn to play large role in selecting new Caesars CEO
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Photographer: David Paul Morris/Bloomberg

Corrected

Caesars Entertainment Corp. gave Carl Icahn three seats on its board, putting the billionaire in position to influence the choice of a new chief executive officer and push harder for a sale of the gambling giant.

The Icahn-backed candidates, Keith Cozza, Courtney Mather and James Nelson, will replace three existing board members effective immediately, Caesars said in a statement Friday. Icahn has the right to appoint a fourth member if a CEO amenable to the new directors isn’t chosen within 45 days.