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Wynn Resorts appoints 2 directors

Wynn Resorts Ltd. said Aug. 7 that Richard Byrne and CEO Matt Maddox have been appointed to the company's board of directors, expanding the board size to 11 members.

The two additions to the board, along with the appointment of Philip Satre as vice chairman, represent a comprehensive overhaul of the company's board. Wynn Resorts said it has appointed six new directors to its board over the past six months.

The development comes a day after the Las Vegas-based company reached a settlement with Elaine Wynn, Wynn Resorts co-founder and former wife of ex-CEO Steve Wynn.

Elaine Wynn had previously called on the company's board to restructure itself and improve its corporate governance, following allegations of sexual misconduct against Steve Wynn that led the executive to resign.