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Thomas McCartney Out At Cosmopolitan

By Chuckmonster on Monday, 16th March 2015 1:40pm
  » filed under Las Vegas  comments: 3

   


Legendary Las Vegas executive Mr. Thomas McCartney has parted ways with the Cosmopolitan of Las Vegas according to a relatively recent SEC filing.

Here's the short, but sweet statement.

Thomas McCartney, the Chief Operating Officer of Nevada Property 1 LLC (the 'Company'), stepped down from his role by mutual agreement with the Company effective February 13, 2015. Mr. McCartney did not step down as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Tom is known throughout the industry as a "fixer" - he excels at turning around underperforming properties with operational challenges very quickly. In addition to his work righting the Cosmopolitan's listing ship Tom was responsible for the dramatic turn around of Planet Hollywood, and the renovation and redo of The New Tropicana Of Las Vegas a few years ago.

Mr. McCartney was also one of the best and most hilarious live-on-stage guests the Vegas Gang has ever had at VIMFP pre-cursor event Vegas Podcast-A-Palooza 3.

But where will he land next? SLS?

Big thanks to VT's semi-retired VP of Research mac78130 for the tip. We miss you buddy!



Tagged: cosmopolitan   thomas mccartney   





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Comments & Discussion:

Only a complete top down make over of SLS can save it. Well, that and Resorts World and the convention center expansion getting built.

Could he be taking on DTG?

"Mr. McCartney did not step down as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices."

So it's simply a case of "Mission Accomplished."

Or, to be blunt, it could be argued that Cosmo is not yet a fully righted ship. Perhaps the new overlords simply wanted new blood, even for a "fixer." Note no mention of performance on the list of non-reasons above, hence dismissal -- er, mutual agreement -- for cause.

(Note I have no feelings one way or another re Mr. McCartney: I don't know enough to have an opinion, and he seems like a truly great guy who did a good job. Corporate life can be very... Darwinian. Brutal, even.) (Happened to a long-time boss of my brother. Simple downsizing but he was let go for supposedly not making numbers -- during the recession...)

I like MeltYrselfDown's idea, DTG would be a good next challenge. (Too bad it wasn't him instead of MWS at Wynn!)
And, I'll vote "Mission Accomplished" as the reason for this story.



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