Former Hertz chief to lead casinos

LAS VEGAS — Caesars Entertainment has named Mark Frissora the CEO of the casino giant, four months after he resigned from Hertz following accounting and operational issues.

Frissora engineered the relocation of Hertz' global headquarters from New Jersey to Southwest Florida, where the company is building an $85 million corporate campus in Estero. Frissora has a home in nearby Naples, where Hertz has its temporary headquarters until it moves to the new campus.

Frissora will officially become CEO of Las Vegas-based Caesars on July 1 and will serve as “CEO designee” until current Chairman and CEO Gary Loveman hands over the title. Loveman will remain chairman after Frissora becomes CEO, the company says.

“After 12 years as CEO, Caesars has accomplished more than what we could have imagined when I arrived in 1998,” Loveman says in a statement. “Now, with the company in the midst of a formal restructuring of one of its subsidiaries and a merger between entities, the time is ripe for a transition."