Pursuits

Billionaire Adelson Names Son-In-Law CFO of Las Vegas Sands

  • Ex-investment banker was already filling role, company says
  • Putting family in key roles not ideal, governance expert says
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Las Vegas Sands Corp. named Patrick Dumont, son-in-law of founder and controlling shareholder Sheldon Adelson, as its chief financial officer.

The appointment fills a vacancy left open since July 2013, when Kenneth Kay stepped down from the role, and formalizes a role Dumont, 41, has already been performing, Las Vegas Sands said Wednesday in a statementBloomberg Terminal.