Gary Loveman Biography

Gary Loveman, Senior Lecturer in the Department of Finance at Harvard Business School, is also the former Chairman, President and CEO of Caesars Entertainment Corporation. In 1998, Loveman joined Caesars Entertainment Corporation as Chief Operating Officer, after serving as an associate professor at the Harvard University Graduate School of Business Administration. He used his background in service-management to develop the gaming industry's most successful loyalty and analytics program, Total Rewards, which boasts of more than 40 million members. In January 2003, Loveman was named CEO. He presided over a period of growth that included the 2004 purchase of Horseshoe Gaming and the World Series of Poker and the 2005 acquisition of Caesars Entertainment, Inc. In January 2008, Caesars went private in a $30.7 billion transaction led by private equity firms TPG Capital and Apollo. In the wake of the 2008 financial crisis, Loveman led Caesars' successful debt reduction and liquidity improvement strategies, while also adding Planet Hollywood to the Company's portfolio. In 2015, he stepped down as CEO and was chairman until 2017. Loveman was recognized for four consecutive years, as the gaming and lodging industry's best CEO by Institutional Investor magazine. After Caesars, Loveman became president of Aetna's Customer Health Services division from 2015 until 2018. He was charged with leading Aetna's strategies concerning population health and consumer engagement, in part using data analytics and marketing. Loveman is also the past chairman of the American Gaming Association. He is a member of the President's Export Council and serves as Chairman of the Business Roundtable's Committee on Health and Retirement. He also serves as a director of Coach, Inc. and FedEx Corporation and sits on the Board of Trustees at Children's Hospital Boston and the Visiting Committee of the Department of Economics at M.I.T. He is also a partial owner of the Boston Celtics. Loveman earned a B.A. in economics from Wesleyan University, and holds a Ph.D. in economics from M.I.T., where he was an Alfred Sloan Doctoral Dissertation Fellow.

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