COO of Wynn Resort to retire this year

Marc Schorr, who is the current COO of Wynn Resorts Limited, is going to retire from the company, effective June 1 2013.

The Las Vegas-based firm announced that the 65-year-old COO would step down in a filing done with Securities & Exchange Commission.

Schorr is also going to step down from the board of directors of the company as well. Last year, he collected an overall compensation of USD 8.86 million, which included bonuses and base salary.

Steve Wynn, who is the CEO of Wynn Resorts, said, “On June 1, one of my best friends and colleagues, Marc, is going to retire from the company. He served the industry for a 33-year period. Prior to joining our company, he held a number of senior positions at Mirage Resorts, his former company.” At The Mirage, Schorr was the COO and the President as well.

Wynn continued saying, “For more than a decade, Marc, as Wynn’s COO, has been standing there side by side with me, as we have grown into a multibillion-dollar firm, which we are today. I would definitely miss his presence here, once it will eventually be his last day in the company.”

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