4:00 PM: Check in | Networking | Cocktail Reception 4:45 PM: Program Start 6:15 PM: Program End
What questions keep you up at night? Please join us as we discuss hot topics in corporate governance in the Reno market. We will start with a networking cocktail reception followed by an engaging discussion with Phil Satre, faciliated by Valerie Glenn.
Philip G. (Phil) Satre actively serves in leadership & director roles with a wide variety of public companies and not-for-profit organizations.
Satre, 70, retired January 1, 2005 as Chairman of the Board of Harrah's Entertainment, Inc., after 25 years with the company. Satre joined the company in 1980 as vice president, general counsel and secretary of Harrah's, at a time when the company had just two Nevada casinos and a casino under development in Atlantic City. He was named President and Chief Executive Officer of Harrah's gaming division in 1984 and to the company's board of directors in 1988. In 1994,
Satre became CEO of Harrah's Entertainment, Inc. and in 1997, he was elected Chairman of the Board of Harrah's Entertainment, Inc. In January 2003, Satre stepped down as CEO, and on January l, 2005, he retired as Chairman of the Board.
Since retiring from Harrah's Entertainment, Inc. Satre has divided his time between service on not-for-profit and for-profit boards. He is the former Chairman of the Board (2005-2013) of NV Energy (NVE), the investor owned electric utility for Nevada, which was acquired by Berkshire Hathaway in December 2013; a former director (2006 - 2019, elected Chairman in 2016) of fashion retailer Nordstrom, Inc. (JWN); and former Chairman of the Board (2009 to 2018) of International Game Technology, PLC (IGT), a global gaming company specializing in the design, manufacture and marketing of electronic gaming equipment & systems products. Satre also served on the boards of Rite Aid (2005–2011); Tabcorp Holdings Ltd. (Australia) (2000-2009); Goody’s Family Clothing and JDN Realty (1990’s).
In the not-for-profit sector he is the President of the National Center for Responsible Gaming; a Trustee (Chairman 2009 — 2011) of The National World War Il Museum Board of Trustees in New Orleans; and a member of the Stanford University Board of Trustees (2005 to 2010). From 2013 to 2018 Satre was the Chairman of the Guinn Center for Policy Priorities, a nonprofit, bipartisan, think-do tank focused on independent, fact-based, relevant and well reasoned analysis of critical policy issues facing the State of Nevada. He also serves on the board of the National Automobile Museum – The Harrah Collection (2016 to present).
Selected Honors & Awards
In July 2003, Satre was elected to the American Gaming Association Hall of Fame. In May
2005, the East Coast Gaming Congress awarded Satre its "Lifetime Achievement Award" and in
January 2003, The American Gaming Summit awarded Satre its "Lifetime Achievement
Award." In May 2002, Chief Executive Magazine named Satre one of the nation's top 100 Chief
Executives. In December 1998, Casino Journal named Satre "Gaming Executive of the Year."
In 1995, he was selected best chief executive in the casino and hotel industries by The Wall Street Transcript. In March 2010, he was honored as an Outstanding Director by the Outstanding Directors Exchange (“ODX”). In 2016 he was named to the “Directorship 100” by the National Association of Corporate Directors (NACD).
In 1989, Satre was named a "Distinguished Nevadan" by the University of Nevada, Board of Regents and in December 1990, Satre was awarded the first annual Robert L. Custer Award from the National Council on Problem Gambling for his leadership role in addressing problem gambling. In 2013 Satre was awarded the "Stanford Medal" by the Board of Governors of the Stanford Associates.
Education and Personal
A native of Martinez, California, Satre graduated from Stanford University with a Bachelor of Arts degree in Psychology in 1971. He earned a law degree from the University of California, Davis in 1975, and attended the Senior Executive Development program at MIT's Sloan School of Management in 1982. Prior to joining Harrah's, Satre was an attorney with a Reno law firm for five years.
He resides in Reno, Nevada with his wife of over 40 years, Jennifer Arnold Satre. They have four children and four grandchildren.
Retired CEO and owner of The Glenn Group Companies (The Glenn Group, Creative Marketing for Nevada Companies, and Wide Awake, Modern Marketing for Gaming and Hospitality Properties)
A long-time business and community leader in Nevada, Valerie’s accomplishments in advertising, public relations and beyond have been widely recognized including being named Master Entrepreneur of the Year by the Business Report, Marketer of the Year by the American Marketing Association, Thomas C. Wilson, Lifetime Achievement Award by the Advertising Association of Northern Nevada, co-Advertising Person of the Year by the Reno Ad Club, Ad Woman of the Year by Reno Women in Advertising, Hall of Fame recipient from the Public Relations Society of America (Sierra Nevada Chapter), the Junior Achievement Business Leaders Hall of Fame award, Girl Scouts of the Sierra Women in Leadership award, University of Nevada Alumni Association Professional Achievement award and the Raymond I. Smith Civic Leader of the Year Award by the Reno-Sparks Chamber of Commerce.
Valerie attributes much of her professional success to her extensive community involvement. She has served as chairman of the board of the following organizations: Economic Development Authority of Western Nevada (EDAWN), Nevada Women’s Fund, Nevada Museum of Art, Nevadaworks, University of Nevada College of Business Advisory Board, Reno-Sparks Chamber of Commerce, WIN and the American Heart Association’s Go Red for Women Inaugural Luncheon and the Nevada Chapter of the International Women’s Forum. Valerie currently serves on the board of EMPLOYERS Holdings, Inc. (EIG on the NYSE) where she is past chair of the Compensation Committee and current chair of Board Governance and Nominating.
Valerie has been married to her husband, John, since 1981 and has three grown children: son J.P. (Colie), daughter Kelly and stepdaughter KayCee Goman (Nick).