New York-listed casino operator Caesars Entertainment Corporation has confirmed that its executive vice president and general counsel Tim Donovan will leave the company next month.
Donovan notified the company last week that he intends to resign his positions with effect from 6 June.
He has been with Caesars since April 2009, joining the operator as senior vice president and general counsel. He took on the role of chief regulatory and compliance officer in January 2011, and was named an executive vice president later that year in November.
Caesars said that the company expects to utilize Donovan’s services for up to twelve months following the termination of his employment agreement, pursuant to the terms of a previously disclosed consulting agreement.
Shares in Caesars Entertainment Corporation (NSQ:CZR) closed up 2.36 per cent at 9.09 per share in New York Tuesday.