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August 31, 2014

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Las Vegas Sands seeks president, weighs Adelson role

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Christopher DeVargas

Sheldon Adelson, chairman and CEO of Las Vegas Sands Corp.

Las Vegas Sands Corp. has weighed how much authority Chief Executive Sheldon Adelson should turn over as the company searches for a new president.

Mr. Adelson, the 80-year-old CEO, chairman and biggest shareholder at Sands, has told some people at the company that he would consider ceding the CEO title if needed to draw the right candidate to succeed President and Chief Operating Officer Mike Leven, his 76-year-old second in command, a person familiar with the matter said.

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