US casino operator Wynn Resorts Ltd has promoted its Chief Financial Officer, Craig S. Billings, to President and CFO.
Under a revised employment agreement running for 12 months from 29 May 2019, Billings will see his annual base salary increased from US$875,000 to US$1.2 million, plus an annual target equity grant of restricted stock equal to 180% of his base salary. He will continue to be eligible for annual cash bonus compensation under the company’s incentive plan.
Wynn Resorts has also announced a revised agreement with Executive Vice President and General Counsel Ellen Whittemore that will see her base salary increase by US$100,000 to US$700,000 plus an annual target bonus under the company’s incentive plan of not less than 200% of the base salary and an annual target equity grant of restricted stock equal to 150% of her base salary.
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