Wynn Resorts Ltd. said two board members—including one who was investigating sexual-misconduct allegations against former Chief Executive Steve Wynn—will leave their posts after Elaine Wynn, the company’s largest shareholder, had pressed for additional board changes.

Wynn Resorts said Monday that John Hagenbuch would no longer stand for re-election to the board and that Robert Miller has resigned as a director.

Ms....</s>A Wynn Resorts Ltd. board member who helped oversee the investigation of sexual-misconduct allegations against former chief executive Steve Wynndecided last month not to seek re-election to the board. The director, John Hagenbuch, is a longtime friend of Mr. Wynn, and critics including three proxy-advisory firms had argued for weeks he wasn’t the right person for the oversight role.

Mr. Hagenbuch’s three-month-long tenure in that role marked one of several misfires in the investigation, which began after The Wall Street Journal...</s>US mogul Steve Wynn has resigned from his casino company Wynn Resorts, as the billionaire battles claims that he routinely subjected women who worked for him to unwanted sexual advances.

Wynn has denied the accusations published by the Wall Street Journal as “preposterous” and said they were instigated by his ex-wife to seek advantage in their divorce lawsuit.

He resigned as the finance chairman of the U.S. Republican Party’s fundraising arm, the Republican National Committee, in January.

“In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity…I have reached the conclusion I cannot continue to be effective in my current roles,” Wynn said in a statement.

The company said it has appointed Matt Maddox, its president since 2013, as CEO and Boone Wayson as non-executive chairman effective immediately.

Maddox has also been a non-executive director of Wynn Macau Ltd, a majority owned subsidiary of the Las Vegas-based company. Until 2014, Maddox was also its chief financial officer, according to the company website.

Trade in shares in Wynn Macau were halted on Wednesday morning.

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Wynn Resorts Ltd. says that two board members, including one investigating sexual misconduct allegations against former Chief Executive Steve Wynn, will leave their posts after Elaine Wynn, the company's largest shareholder, presses for additional board changes.