Former Wynn Macau Ltd President Ian Michael Coughlan has officially resigned as a non-executive director, the company confirmed on Thursday. He will, however, continue as an advisor until the end of 2023.
As reported by IAG, Coughlan stepped down as President in February, with Linda Chen assuming the role as of 1 March 2023 in addition to her role as Vice Chairman.
At the company’s Annual General Meeting on Thursday, Coughlan bid farewell to the Board of Directors with Wynn Resorts Chief Financial Officer Julie Cameron-Doe appointed as Wynn Macau’s newest non-executive director as of 26 May 2023.
Cameron-Doe, 53, has been CFO of Wynn Resorts since April 2022, having previously served as CFO of slot machine giant Aristocrat Leisure Limited.
Her appointment comes at a good time for Wynn Macau, which recently reported operating income of US$47.1 million and Adjusted Property EBITDAR of US$155.8 million in 1Q23 – reversing an income loss of US$98.3 million and an Adjusted EBITDAR loss of US$5.5 million in the same period last year while still heavily impacted by the COVID-19 pandemic.
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