Matt Maddox served as the CEO of Wynn Resorts from February 2018 until January 2022. He has a solid background in finance, holding a degree from the University of Nevada, Las Vegas. His leadership came during a tough transition time...
Matt Maddox served as the CEO of Wynn Resorts from February 2018 until January 2022. He has a solid background in finance, holding a degree from the University of Nevada, Las Vegas. His leadership came during a tough transition time for the company, especially amidst the challenges brought by COVID-19. Maddox managed significant changes including a shift toward performance-based stock grants aimed at aligning the interests of executives with those of shareholders. In 2021, he received a total compensation of $12.93 million, but he experienced a significant drop to $7.98 million in 2022 due to his departure from the CEO role. Interestingly, he transitioned out of the role but remained involved with Wynn’s board until the end of 2022. Maddox was heavily invested in the company's stocks, experiencing fluctuations from $60 million to around $25 million in the past few years, showing both ups and downs related to stock performance and company changes. His time at Wynn didn't just focus on revenue growth; he emphasized creating unique experiences for guests, a strategy that is crucial in the competitive casino and gaming market.