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Mark Frissora

Mark Frissora

Mark P Frissora is a Fortune 300 business executive, Board Chairman, and non-executive member with 40+ years of experience in senior corporate leadership for both public and private companies with a global footprint. From 2015 to 2019, he served as the President and CEO of Caesars Entertainment Corporation (NASDAQ:CZR).

Mark Frissora is a Fortune 300 business executive, Board Chairman, and non-executive member with 40+ years of experience in senior corporate leadership for both public and private companies with a global footprint. From 2015 to 2019, he served as the President and CEO of Caesars Entertainment Corporation (NASDAQ:CZR). Prior to that, Mark was the Chairman and Chief Executive Officer of 2 publicly listed, Fortune 500 member enterprises: Hertz Global Holdings, Inc. (NYSE:HTZ) from 2006 to 2014; and Tenneco Automotive, Inc. (NYSE:TEN) from 2000 to 2006. 

Mark Frissora has a 20-year history of driving transformative organic and M&A growth initiatives that have piloted global expansion, integrated advanced digital capabilities, and fueled both top-and bottom-line growth for companies with up to 41,000+ employees. This has led to a robust track record of shareholder value creation, underpinned by 2 IPOs, and the successful turnaround from Chapter 11 for Caesars Entertainment Corporation. Over the 65 quarters that Mark was at the helm of publicly traded companies, financial results met or exceeded Wall Street consensus forecasts 92% of the time. 

Most recently, as President and CEO of Caesars Entertainment Corporation (CZR), Mark Frissora steered a successful turnaround and restructuring to lead the company out of bankruptcy proceedings within 2.5 years. At CZR, Mark diversified the company’s presence into growing cross-border markets while placing a clear emphasis on customer experience and staff turnover reduction. Ultimately, these efforts resulted in a re-emergence listing on the NASDAQ and a 930 basis point improvement in EBITDA from 18.4% to 27.6%.

Previously, Mark Frissora was the Chairman and CEO of Hertz Global Holdings, Inc. where Mark helped expand the company from an exclusively on-airport single car rental brand to a market leader worldwide with multiple brands that serviced customers both on- and off-airport. Orchestrating the milestone acquisitions of Donlen, Inc. and Dollar Thrifty Automotive Group, he also directed Hertz’s expansion into new cities and digital evolution for both customer-facing and internal applications. Mark led the company’s initial public offering on the NYSE in 2006, and at the time of his departure in 2014, had delivered 3.6x in shareholder value from the time of the IPO.

Prior to Hertz, Mark spent 6+ years as the Chairman and CEO of Tenneco Automotive, Inc., spearheading the company’s growth into key emerging markets while diversifying its product portfolio and customer base. Mark began his career at General Electric Company and has held senior operating positions in sales, marketing, and product management at Phillips Lighting Company, Aeroquip Corporation, and Tenneco, Inc.

In addition to his executive roles, Mark has been elected as a Board Member of large corporates and institutions across the US and Europe to steward strategy and performance. Currently, Mark is the Chairman of the Board for Arencibia and Goodwrx. Previously, he held Board positions with 8 publicly traded companies (including those listed in the Fortune 500), and large private organizations. At Aptiv plc and Walgreens Boots Alliance, he was also designated as the Chairperson of the Compensation and HR Committee, and Chairman of the Finance Committee, respectively. From 2019 to 2020, Mark worked in collaboration with direct investment teams at Apollo Global Management in an advisory capacity to support due diligence, portfolio management, and value creation. 

Mark has been recognized for his impact and leadership. In 2012, Travel News named him to their list of the 25 Most Influential Business Travel Executives, and he received the Oliver R. Grace Award for Distinguished Service in Advancing Cancer Research by Cancer Research Institute. While serving as CEO of Hertz Global Holdings, Inc, the company was the recipient of several industry awards including the TripAdvisor Traveller’s Choice Award for Travel Favorites in the Car Rental Agency category and was named the #1 Top Rated Brand from Zagat for 2 consecutive years.

Mark Frissora graduated with a BA from Ohio State University and has completed Professional Development Programs from Babson College and the Thunderbird School of Global Management.

Timeline

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Breaking Down The Caesars-DraftKings Partnership: Something For Both Companies

Web

February 26, 2019

Caesars bankruptcy battle, waged for 21⁄2 years, is over

Richard N. Velotta

Web

October 8, 2017

Caesars Bluewater Dubai opens

Matt Russell

Web

December 17, 2018

Caesars Breaks Ground on $375 Million Green Conference Center in Las Vegas

McKenna Moore

Web

July 17, 2018

Caesars building its first US non-gaming hotel in Arizona

Richard N. Velotta

Web

January 28, 2019

Caesars Entertainment Announces Commitment To Achieve Gender Equality In Management By 2025

Caesars Entertainment Corporation

Web

November 17, 2017

Caesars Entertainment CEO Mark Frissora and Nobu Partners Announce Ten-Year Extension at Caesars Palace

Tori Hartshorn

Web

October 22, 2018

Caesars Entertainment Joins Planet Hollywood Resort & Casino Headliner Ringo Starr to Donate $200,000 to the Nevada Resort Association's Vegas Strong Fund

Caesars Entertainment Corporation

Web

October 13, 2017

Caesars Palace Luxury Resort Coming to Puerto Los Cabos, Baja, Mexico

Hotel News Resource

Web

Caesars raises $2M to aid shooting victims

Nicole Raz

Web

October 9, 2017

Caesars wraps up $18 billion bankruptcy case, eyes future

Tracy Rucinski

Web

January 17, 2017

HB ON THE SCENE: Caesars Unveils Exclusive Resort Licensing & Brand Opportunities | Hotel Business

Web

June 5, 2018

Mark Frissora Becomes President and CEO of Caesars Entertainment Corporation

Caesars Entertainment Corporation

Web

July 1, 2015

NFL partners with Caesars Entertainment in first casino sponsorship

DAVID PURDUM via ESPN

Web

January 3, 2019

The LINQ Hotel & Casino opens The Book

Özgür Töre

Web

October 15, 2018

Documentaries, videos and podcasts

Title
Date
Link

Oracle CEO on cloud infrastructure expansion

February 12, 2018

Companies

Company
CEO
Location
Products/Services

Caesars Entertainment

Ex President & CEO

Las Vegas

Ex Chairman & CEO

Ex Director of Marketing and Director of Sales

The Netherlands

Hertz

Ex Chairman & CEO

Florida

Tenneco

Ex Chairman & CEO

Illinois

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