Las Vegas Sands Make Changes To Exec Team

Robert Goldstein has been confirmed as Las Vegas Sands Chairman and Chief Executive Officer, having been temporarily in office since 7 January 2021.

As a result, Patrick Dumont, with Randy Hyzak serving as chief financial officer, is to take up the positions of president and chief operating officer.

Mourning the loss of its founder

The changes come as the business continues to mourn the loss of its founder, Sheldon Adelson, who since its inception has been chairman and CEO. Adelson died of complications due to care for non-Lymphoma Hodgkin’s on January 11, at the age of 87.

Goldstein said: “Mr Adelson’s leadership guided us to the top of our industry, and his legacy lives on through the company’s 50,000 team members and the iconic properties he developed around the world.

“Our spirits have been dimmer in these few weeks since his passing, but the future of the company he founded shines bright. He would expect nothing less than an aggressive pursuit of the work he started, and I am determined to lead this company forward in a way that best honours his vision.”

Previous positions

 Goldstein joined the company in 1995 and, in January 2015, became a member of the board of directors. He had served as president and chief operating officer since January 2015, prior to his current appointment.

Dumont joined Sands in 2010 and, since April 2017, has been a director of the firm. He has also held positions as senior vice president of finance and planning and vice president of corporate strategy, in addition to his role as executive vice president and chief financial officer.

Unchanged roadmap

“Mr Adelson established the roadmap for the future of this company, and that roadmap is unchanged.  I am dedicated to working with Rob and our leadership team to make our strategic objectives a reality,” added Dumont.

“Our path forward is clear and remains true to the principles our founder was committed to for so many years – we will continue supporting our people and the local communities in which we operate, reinvesting in our current markets, producing strong returns for our shareholders and aggressively pursuing new development opportunities.” 

With Dumont’s appointment, after serving as senior vice president and chief accounting officer since joining the company in March 2016, Hyzak now assumes the position of chief financial officer.