Caesars names Tony Rodio as CEO with activist investor Icahn pushing for change. : The casino giant named Tony Rodio as CEO Tuesday. He'll replace Mark Frissora, who guided the company through bankruptcy reorganization after joining Caesars in 2015. The change in leadership comes two months after billionaire investor Carl Icahn disclosed a large stake in the casino and began pushing for fundamental changes. Rodio has over three decades of experience in the industry, including seven years as president and CEO of Tropicana Entertainment, which Icahn sold last year for $1.85 billion.