Mohegan Parts Ways with CEO Ray Pineault

Mohegan said that its president and chief executive officer, Ray Pineault, is set to step down after over two decades with the company. According to the official announcement, Pineault took this decision in order to spend more time with his family

Pineault to Step Down on December 28

In its announcement, Mohegan clarified that Pineault will step down on December 28, 2025, effectively ending 25 years of service to the Mohegan Tribe. He was appointed as CEO in 2021 when he had the important task of helping Mohegan recover from the devastating effects of the COVID-19 pandemic.

Pineault originally joined Mohegan in 2001, first serving as senior attorney for the tribal government. He has since occupied a variety of noteworthy positions, such as president and general manager of the Mohegan Sun property and chief operating officer of Mohegan.

Unfortunately, Pineault’s departure comes at a difficult time for the tribal gaming company, which was recently beset by trouble due to its difficulties in South Korea and Bain Capital’s takeover of the ambitious Mohegan INSPIRE resort.

Pineault Is Confident in Mohegan’s Momentum

Pineault released a statement on his departure and expressed confidence in Mohegan’s position, despite the setbacks. With that in mind, Pineault said that he believed that this was the perfect time to step down. He said that he was honored by the opportunity to serve the tribe for such a long period of time, but added that he was looking forward to focusing more on his family.

I am proud of the work we have been able to accomplish, including the successful refinancing earlier this year, and want to thank the Tribal Council and the Mohegan Tribe, who have entrusted me with this responsibility. Your trust is not something that has ever been taken lightly or for granted, as I know the direct impact our business successes have for Mohegans of today and future generations.

Ray Pineault, outgoing CEO, Mohegan.

Pineault extended a “thank you” to everyone who has supported him over the years, including his colleagues and the thousands of Mohegan team members across the US and Canada.

Mohegan’s tribal council chair, James Gessner Jr., thanked Pineault for his incredible contributions over the last 25 years. He acknowledged the outgoing CEO’s extremely hard work ans sacrifices made for the betterment of the tribe.

On behalf of the Board and our Tribe, we thank you for all you have done to protect every Mohegan for 13 generations to come. We wish happiness and blessings in the next part of your journey.

James Gessner Jr., tribal council chair, Mohegan

Mohegan added that it is currently taking “appropriate steps” to facilitate a smooth transition of responsibilities.