WILKES-BARRE – Mohegan Gaming & Entertainment (MGE) has announced that President and Chief Executive Officer Mario Kontomerkos will step down March 31 and Ray Pineault, Chief Operating Officer (COO), subject to required regulatory filings or approvals as interim CEO will act.
“During his tenure with the organization, first as chief financial officer and more recently as CEO, Mario was instrumental in the growth and success of the organization,” said James Gessner, Jr., chairman of the Mohegan Tribe. “We would like to thank Mario for his many years of service for Tribe and MGE, which has recently successfully led the company through the ongoing global pandemic and an extensive refinancing earlier this year. We wish Mario all the best for his future endeavors and opportunities. “
Gessner added, “While we are looking for a new CEO, we are grateful for the tribal member and MGE COO Ray Pineault to serve as interim CEO. Ray has served his tribe in a variety of roles and functions for over two decades and we look forward to his continued guidance and experience in finding a new business leader. “
Pineault has more than 20 years of experience at MGE, most recently as Chief Operating Officer since July 2020. He was also regional president at MGE and president and general manager of the brand’s flagship company, Mohegan Sun, Connecticut.
MGE also announced that Carol Anderson will assume the role of Chief Financial Officer, bringing extensive knowledge and expertise to her new role to guide MGE through this “phase of strategic development and growth.”
Anderson brings a wealth of financial and legal experience to the role, where she will provide strategic leadership in global capital markets, financial planning and analysis, and the development and implementation of globally integrated financial and accounting practices, systems and programs.
Anderson focuses on corporate finance and accounting, treasury operations and cash management, capital markets transactions, SEC reporting, controls, governance and procurement and will work closely with executives across the company worldwide to create a strong foundation that supports organizational alignment , Productivity and effectiveness supports and efficiency.