John Moran to retire from Wynn Resorts board
Wynn Resorts Ltd. announced Friday that John A. Moran will retire from the company's board of directors and not stand for re-election.
Moran, 79, has served as an independent director since October 2002 and will retire at the annual shareholder meeting scheduled for Nov. 2 in Las Vegas.
"The company expresses its gratitude for his many valuable contributions," Wynn Resorts said in a filing with the Securities and Exchange Commission. "There are no disagreements between Moran and the company that caused or contributed to his decision."
Moran is president of Rutherford-Moran Exploration Co., a Los Angeles-based wholly owned subsidiary of Chevron Thailand Inc., formerly Rutherford-Moran Oil Corp. He has also been senior adviser to Catalytic Capital Investment Corp., since its founding in 2006, and an adviser to Catalytic Capital LLC.
Shares of Wynn Resorts gained $3, or 2.73 percent, to close Friday at $113.02 on heavy volume of 2.92 million shares traded on the Nasdaq. Wynn Resorts' shares have traded from a low of $90.11 to a high of $161.33 over the past 52 weeks.
Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.
