Caesars Entertainment (CZR) said Tuesday it is adding two new independent directors to its board following an agreement with Icahn Enterprises (IEP).
Icahn's general counsel Jesse Lynn and chief financial officer Ted Papapostolou will join Caesars' board, effective immediately, subject to regulatory clearance, Caesars said.
"We look forward to working with [Caesars Chief Executive Tom Reeg] and the board to maximize value for all shareholders, including by exploring strategic alternatives for the company's underappreciated digital business," Carl Icahn said.
With the two additions, Caesars' board will have 12 directors, 10 of whom are independent, the company said.
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