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Seasoned executive Kim Harris Jones (pictured) has been tapped by Caesars Entertainment to serve on its board of directors.

Harris Jones comes to Caesars from outside the gambling industry, having served in executive roles at several blue-chip US corporations.

This included a 16-year stint at Kraft, where she eventually worked as SVP and corporate controller of its Mondelez International subsidiary post-spin off.

Harris Jones had previously spent 17 years in a variety of leadership positions at Chrysler, exiting again as SVP and corporate controller. This followed six years at General Motors.

Caesars CEO Tom Reeg said: “I’m pleased to count Kim Harris Jones among our board of directors.

“Kim shares our vision for strategic, collaborative innovation. She has outstanding experience navigating complex issues and implementing transformation for optimisation.

“I look forward to working with her, the rest of our board, and the management team to continue to drive results for our guests, our team members, and our shareholders.”

Harris Jones becomes 10th Caesars board member

Harris Jones will become the 10th member of Caesars’ board. In this position she will be charged with providing oversight to the company and will play a role in setting its strategic direction.

The University of Michigan graduate also serves on several other boards including United Rentals, True Blue and Fossil Group.

She also sits on the boards of the Ethiopian North American Health Professionals Association, as well as the finance committee of the Consortium for Graduate Study in Management.

Caesars executive chairman Gary Carano said: “Kim Harris Jones is a tremendous addition to the Caesars Entertainment leadership team.”

“With her extensive experience in finance and a reputation as a thoughtful and engaged leader inside some of the largest consumer-packaged goods and automotive companies, Kim’s addition will give us another lens through which to see stronger, more dynamic future possibilities for Caesars Entertainment.”

The board appointment comes at a critical time for Caesars’ online business, which has seen declining sports betting revenue driven by poor hold performance.

The company also faces headwinds in its tentpole Las Vegas business, which is expected to see a 5% decline in EBITDA year-on-year in its Q1 report, according to analysts at JMP Securities.

One long-term challenge is the operator’s continued journey to deleverage the business, previously reporting $12.3bn in debt as of 31 December 2023.

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