BY MELANIE WADE –
Matthew Maddox, a 1994 graduate of Mena High School, has been named as the new CEO of Wynn Resorts, following the resignation of founder and longtime CEO Steve Wynn.
Maddox will lead the $17 billion global gaming company following a four year stint as president of the company. He has been employed at Wynn Resorts since 2002 and has worked through the company ranks. Last year, according to reports, Maddox signed an employment agreement with an annual base salary of $1.5 million and was granted 200,000 shares of restricted stock worth an estimated $33 million.
In 2008, Maddox was named as the highest paid executive under age 40 by Fortune magazine.
Maddox is the son of David Maddox, and wife Sue, of Mena. David practices as an attorney at Maddox and Maddox Attorneys at Law, along with John Maddox (Matthew’s brother), who also serves at Arkansas State Representative, District 20. Matthew Maddox is married and has three children.