Caesars, Under Pressure to Sell, Names Casino Veteran as CEO (1)

Caesars Entertainment Corp., under pressure to seek a buyer from investors including billionaire Carl Icahn, named casino-industry veteran Anthony Rodio as its new chief executive officer.

Rodio, head of closely held Affinity Gaming, will replace Mark Frissora during the next 30 days, the company said in a statement Tuesday. Caesars said it will also form a board committee to evaluate efforts to create more shareholder value. Investors led by Icahn, who has three seats on Caesars’ board, have agitated for the resort operator to consider selling itself.

Caesars shares fell as much as 1.2 percent to $9.27 ...