Wynn Resorts has announced a significant leadership transition as Ellen Whittemore, the Executive Vice President, General Counsel, and Secretary, plans to retire in early 2025. Jacqui Krum, currently serving as the General Counsel and Senior Vice President at Encore Boston Harbor, will succeed her. This change marks a pivotal moment for the company as it continues to navigate the complexities of the gaming and hospitality industry.
Ellen Whittemore: A Legacy of Leadership
Since joining Wynn Resorts in 2018, Ellen Whittemore has been a vital force within the organization. Her contributions have gone far beyond her legal responsibilities, encompassing areas such as philanthropy, community relations, government affairs, and sustainability initiatives. Under her leadership, the company has made notable strides in enhancing workplace culture, corporate ethics, and governance practices.
Impact on Corporate Governance and Ethics
Whittemore’s tenure has been defined by her ability to guide the company through a challenging landscape marked by litigation and corporate governance changes. Craig Billings, CEO of Wynn Resorts, emphasized her importance during this transformative period, stating, “Ellen was, in the truest sense, the right person at the right time.” He highlighted her integral role in building trust with regulators and employees alike, ensuring that the company upheld the highest ethical standards.
Her leadership has led to significant improvements in corporate governance, fostering a culture of transparency and accountability that will serve as a foundation for future growth. Whittemore’s reputation for integrity has also played a crucial role in navigating complex legal issues, ultimately leading to the successful resolution of various litigation matters.
Commitment to Community and Philanthropy
Beyond her legal contributions, Whittemore has been deeply committed to philanthropy and community engagement. She has spearheaded various initiatives aimed at strengthening relationships between Wynn Resorts and the communities it serves. Her focus on sustainability and corporate social responsibility has enhanced the company’s reputation as a responsible corporate citizen, setting a positive example within the industry.
Despite her upcoming retirement, Whittemore will remain connected to the company. She will serve on the Board of Directors of Wynn Macau Ltd and act as a consultant for Wynn Resorts, ensuring continuity and providing valuable guidance during this transition.
Jacqui Krum: A New Era Begins
Jacqui Krum is poised to take over from Whittemore, bringing a wealth of experience and a proven track record in the gaming industry. Krum joined Wynn Resorts in 2013 and has been a key player in the company’s expansion efforts, particularly in the development of Encore Boston Harbor.
Leadership in Project Development
Krum’s involvement in securing the competitive gaming license for Wynn Resorts in Eastern Massachusetts was a significant achievement that set the stage for the development of the Encore Boston Harbor resort. Her transition from Las Vegas to Boston to lead the legal and operational aspects of the new property exemplifies her dedication to the company’s growth.
As Senior Vice President and General Counsel at Encore Boston Harbor, Krum played a critical role in the successful launch of the resort in 2019, which has since become a flagship property for Wynn Resorts. Her ability to navigate complex regulatory environments and her experience in legal affairs make her well-suited to step into the role of Executive Vice President, General Counsel, and Secretary.
A Commitment to Corporate Responsibility
Krum’s vision aligns closely with the values that Whittemore has instilled in Wynn Resorts. With her extensive background in community relations and corporate ethics, Krum is expected to continue the company’s commitment to philanthropy and sustainability. Her leadership will be essential as Wynn Resorts strives to maintain its reputation as a leader in corporate social responsibility within the gaming and hospitality sectors.
Strategic Implications of the Leadership Change
The transition from Whittemore to Krum comes at a critical juncture for Wynn Resorts, as the company seeks to capitalize on emerging opportunities while addressing the challenges posed by an evolving industry landscape. With Krum at the helm of legal and corporate governance, the company is well-positioned to navigate these complexities.
Upholding Corporate Governance Standards
One of Krum’s key priorities will be to uphold the high standards of corporate governance established during Whittemore’s tenure. As Wynn Resorts continues to expand, maintaining a strong ethical framework will be essential for preserving stakeholder trust and ensuring compliance with regulatory requirements.
Engaging with Communities and Stakeholders
Both Whittemore and Krum share a commitment to fostering strong relationships with local communities and stakeholders. Krum’s expertise in community engagement will be invaluable as Wynn Resorts continues to invest in sustainable practices and philanthropic initiatives. This focus on social responsibility will be critical to the company’s long-term success.
Ellen Whittemore’s retirement marks the conclusion of an influential chapter for Wynn Resorts. However, it also signals the beginning of a new era under the leadership of Jacqui Krum. With her extensive experience and dedication to the company’s values, Krum is poised to guide Wynn Resorts through its next phase of growth and development.
As the company embraces this transition, it remains committed to ethical governance, community engagement, and sustainability. With a strong leadership team in place, Wynn Resorts is ready to tackle the challenges and opportunities that lie ahead, ensuring a prosperous future for the organization and its stakeholders.
The leadership transition at Wynn Resorts is a strategic move that reflects the company’s dedication to innovation, ethical standards, and community involvement. With Jacqui Krum stepping into her new role, she will build upon the foundation laid by Ellen Whittemore, ensuring continued success and growth in the competitive gaming and hospitality industries.