LAS VEGAS—Mike Leven, president/COO, Las Vegas Sands Corp. plans to retire when his contract expires at the end of 2014.
Sheldon Adelson, chairman and CEO, addressed speculation that he would follow in Leven’s footsteps. “I am as bullish about this company as I’ve ever been, and I have no plans of slowing down or passing the CEO title or job to anyone. We have taken an important leadership position in the gaming and hospitality industry, and I plan on spending year after year building on that success,” said Adelson.
Adelson praised Leven, who started serving as the company’s president and chief operating officer in early 2009: “On behalf of the entire LVS family, I want to convey our deepest appreciation for Mike’s tireless work and dedication during his tenure. Mike started in this role at one of the most challenging times in our company’s history and we appreciate his efforts and leadership in helping LVS experience unprecedented success as we’ve grown,” he said.
A Board-led committee is responsible for overseeing the search for a president and chief operating officer for the company and will recommend a candidate to the Board for its consideration and approval. Leven, who will turn 77 later this year, will continue to serve as a member of the Las Vegas Sands and Sands China Ltd. Board of Directors upon his retirement.