Donald Colvin will join Caesars Entertainment Corporation as executive vice president and chief financial officer, subject to required regulatory approvals. In this role, Colvin will be responsible for Caesars' functions of finance and report to Gary Loveman, chairman, president and chief executive officer.
"Donald brings to Caesars more than two decades of financial leadership experience and a track record in driving financial strategy, managing complex balance sheets, executing and integrating acquisitions, and increasing shareholder value," Loveman said. "His experience will be a valuable addition to Caesars Entertainment, as we execute our strategy to expand our distribution network and further improve our capital structure."
Colvin served as executive vice president and CFO of ON Semiconductor Corporation from April 2003 to October 2012. Prior to joining ON Semiconductor, he held a number of financial leadership positions throughout his career, including vice president of finance and CFO of Atmel Corporation, CFO of European Silicon Structures and several financial roles at Motorola Inc.
"Caesars has a strong operating business and ambitious growth plans," Colvin said. "I look forward to working with Gary, the senior management team and my new colleagues to drive the company's future growth and success."
Colvin is a director and chairman of the audit committee of Isola Group and was previously a director of Applied Micro Circuits Corp. He earned a bachelor's degree in economics and an MBA from the University of Strathclyde in Scotland.