Business Hall of Fame Inductee: Phil Satre

Phil Satre

Phil Satre

Philip G. (Phil) Satre actively serves in leadership and director roles with a wide variety of public companies and nonprofit organizations. Satre retired Jan. 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. 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.

Since retiring, Satre has divided his time between service on nonprofit and for-profit boards. He is chairman of the board of NV Energy, a director of Rite Aid Corporation, a director of fashion retailer Nordstrom, Inc., and chairman of the board of International Game Technology. On the nonprofit side, he is a director of the National Center for Responsible Gaming, chairman of The National World War II Museum Board of Trustees, and a member of the Stanford University Board of Trustees.

Honors include: Best Chief Executive in the Casino and Hotel Industries (1995) by The Wall Street Transcript, Gaming Executive of the Year (1998) by Casino Journal, one of the nation's Top 100 Chief Executives (2002) by Chief Executive Magazine, Lifetime Achievement Award (2003) from the American Gaming Summit, American Gaming Association Hall of Fame (2003), and Lifetime Achievement Award (2005) from the East Coast Gaming Congress. In addition, Satre was named a Distinguished Nevadan by the Nevada Board of Regents in 1989. In December 1990, he was awarded the first Robert L. Custer Award from the National Council on Problem Gambling for his leadership role in addressing problem gambling.

A native of Martinez, Calif., 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 has 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.