The CEOs of Wynn Resorts and Tripadvisor will step down from their posts next year.
Wynn Resorts’ Maddox to leave Jan. 31; Billings named as replacement
Matt Maddox, CEO, Wynn Resorts, will be leaving the company Jan. 31. Following a unanimous request by the board of directors, Maddox agreed to remain on the Wynn Macau Limited and Wynn Interactive Limited boards through the end of 2022.
Craig Billings, CEO, Wynn Interactive, who has served as president/CFO of Wynn Resorts, was unanimously selected by the board to become CEO of Wynn Resorts and a member of the board effective Feb. 1.
Maddox has been with Wynn Resorts for two decades and has been its CEO since February 2018, as well as a member of the board. He led the company through its most difficult periods, following the resignation of the company’s founder in 2018 and then the global pandemic in 2020. During his tenure as CEO, he rebuilt the company’s culture and reestablished Wynn Resorts as one of the world’s leading luxury brands.
Billings joined Wynn Resorts as CFO in March 2017. Prior to joining the company, he held senior executive positions in both Australia and the U.K. during his time as chief digital officer and managing director of strategy and business development at Aristocrat Leisure. He is also the lead independent director and audit committee chair for Applovin Corporation.
Tripadvisor’s Stephen Kaufer to step down next year
Tripadvisor Inc.’s cofounder and longtime CEO, Stephen Kaufer, will step down from his position in 2022.
Kaufer c-founded Tripadvisor in 2000 with the mission to help travelers around the world plan and book the perfect trip. Over the past 21 years, under his leadership, the company has grown into the largest travel site in the world, with employees in over 20 countries and operating localized travel sites in over 40 markets.
The board of directors has initiated an open search for Kaufer’s successor.