Las Vegas Sands Corp has named long-time Ernst & Young (EY) executive Mark Besca as its newest member of the Board of Directors, effective immediately.
LVS owns Singapore’s Marina Bay Sands and holds a controlling 72% stake in Macau’s market share leader Sands China – operator of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao.
According to publicly available information, Besca brings with him more than 40 years of accounting and financial expertise serving in leadership roles as an advisor to Fortune 500 companies and as a public company board member. In 2020 he retired after 40 years at EY serving as lead and senior advisory audit partner to some of the largest public companies in the media and entertainment, consumer products and airline industries. From 2017 until 2020, Besca was the Leader of Long-Term Value and Stakeholder Capitalism initiative at EY, and from 2012 to 2018 served as Managing Partner of EY’s New York City office.
LVS said he will be compensated for his services as described in the company’s 2024 proxy statement, which entitles him to an annual retainer of US$150,000, annual restricted stock or restricted stock units of US$175,000 and a one-time stock option grant for new directors of US$100,000.
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