Las Vegas Sands Revealed Its New Executive Team Following Adelson’s Passing

Article by : Helen Feb 2, 2021

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Two weeks after Las Vegas Sands’ founder Sheldon Adelson passed away, the company got ready to move on and make arrangements for its future. On January 26, Las Vegas Sands announced who will now be taking charge of the ship: Robert Goldstein is now officially the company’s chairman and chief executive officer, while Patrick Dumont has become Las Vegas Sands’ president and chief operating officer.

Both Goldstein and Dumont have decades of experience under the belt, and, what’s more important, they are long-time employees of Las Vegas Sands.

Robert Goldstein’s career in Las Vegas Sands started in 1995; the freshly-appointed Chairman-slash-CEO has spent his time at the company quite productively. He has taken up the roles of the president of global gaming operations, executive vice president, president, and COO of Las Vegas Sands’ two prominent casinos (The Venetian and The Palazzo Las Vegas).

Twenty years later, in January 2015, Goldstein was named a member of the Board of Directors and assumed the roles of the company’s president and COO. That was until Sheldon Adelson took a medical leave of absence on January 7 this year to resume cancer treatment for non-Hodgkin’s lymphoma – Goldstein was named acting chairman and acting CEO for the period of Adelson’s medical leave.

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 honors his vision.

As for Patrick Dumont – Sheldon Adelson’s son-in-law, – he started working at Las Vegas Sands in 2010 and quickly made it to the top of the career ladder. In April 2017, he was appointed a director of the company and served as Sands’ executive vice president and chief financial officer. Before his career at the casino empire, Dumont built up his expertise in corporate finance.

“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,” said Mr. Dumont in a comment on his appointment. “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.”

Now that Dumont got a promotion, Randy Hyzak will replace him as the chief financial officer of Las Vegas Sands. Before this announcement, Hyzak was the company’s chief accounting officer and senior vice president. He joined the casino operator in March 2016, after working as the vice president and chief accounting officer, among other “finance and accounting leadership positions”, at Freescale Semiconductor, Ltd.

Sheldon Adelson wasn’t just the founder of Las Vegas Sands – he was also its only CEO in all of the company’s 31 years of existence. He passed away on January 11 after complications of treatment for non-Hodgkin lymphoma he had been battling since March 2019.