Endeavor, the international sports and entertainment agency giant, has appointed Jacqueline Reses to its board of directors.
Reses brings with her “extensive public company board experience” and a commanding CV that features C-suite and board roles at international tech firms Alibaba, Yahoo and Square, as well as a vice-president role at Goldman Sachs.
She is currently chief executive at Post House Capital, a private investment firm focused on consumer and financial technology, and the chair of the Economic Advisory Council of the Federal Reserve Bank of San Francisco.
Reses also serves on the boards of Affirm Holdings, Pershing Square Tontine Holdings, TaskUs and ContextLogic.
Already on Endeavor’s board are chief executive Ariel Emanuel, its executive chairman Patrick Whitesell, Silver Lake co-chief executive Egon Durban, Silver Lake managing director Stephan Evans, Uncle Nearest chief executive Fawn Weaver, Tesla chief executive Elon Musk and former Xerox and VEON chair and chief executive Ursula Burns.
Reses’ appointment comes hot on the heels of Endeavour announcing its second-quarter results, with a positive outlook due to a significant year-on-year increase in revenue to $1.1 billion, despite a net loss of $307.5 million made as a result of last year’s coronavirus-enforced suspension of many sports.
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By GlobalDataEndeavor, whose assets include IMG, the international sports and entertainment company, and UFC, the mixed martial arts promotion went public through an IPO in April, in a proposal that valued the whole company at $10 billion.
Emanuel has said: “We’re honoured to welcome Jackie to our board of directors. Her leadership across corporate finance and enterprise technology combined with her innate talent for driving innovation and cultivating culture will be incredibly valuable to Endeavor as we continue charting our future as a public company.”
Reses added: “It’s great to join Endeavor’s board at this pivotal time. I’m looking forward to partnering with Endeavor’s leadership to develop strategies that fully leverage the power of its diverse portfolio and help propel its continued growth across the sports and entertainment landscape.”