- He has been in the position of CEO at Las Vegas Sands for almost 33 years
- No permanent successor named
(exechange) — Las Vegas, Nevada, January 12, 2021 — Sheldon Adelson, chief executive of Las Vegas Sands, has died. Las Vegas Sands announced his death on Tuesday, January 12, 2021. Sheldon G. Adelson has been in the role of Chief Executive Officer at Las Vegas Sands Corp. for almost 33 years. He died at age 87.
Las Vegas Sands stated: “Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin’s Lymphoma.”
Las Vegas Sands did not name a permanent replacement for the position of Chief Executive Officer.
On January 7, 2021, Las Vegas Sands Corp. had announced “that Chairman and Chief Executive Officer, Sheldon G. Adelson, will take a medical leave of absence, effective immediately, to receive further treatment for lymphoma.”
On January 7, 2021, the Company’s Board of Directors had appointed Robert G. Goldstein, President and Chief Operating Officer, as Acting Chief Executive Officer and Acting Chairman, effective immediately. Goldstein will continue in his role as President and Chief Operating Officer. Goldstein has been the Company’s President and Chief Operating Officer and a member of the Board since 2015 and has held a variety of senior leadership positions since joining the Company in 1995.
In the position of CEO since 1988
Sheldon Adelson became CEO of the Company in 1988.
Sheldon G. Adelson is the Company’s founder.
Adelson’s business career spans more than seven decades and has included creating and developing to maturity numerous companies.
Adelson created the MICE-based Integrated Resort and pioneered its development in the Las Vegas and Singapore markets, as well as in Macao, where he planned and developed the Cotai Strip.
Push-out Score not determined
When the reason for the departure is death, a Push-out Score™ is not determined.