MGM Resorts International to Name Kirk Kerkorian as Director Emeritus (United States)
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MGM Resorts International to Name Kirk Kerkorian as Director Emeritus (United States)
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Category: North America & West Indies / Carribean islands - United States - Careers -
Appointments
This is a press release selected by our editorial committee and published online for free on 2011-04-15
Long-time Director and Legendary Businessman to Transition into Advisory Role for Board and Management
The Board of Directors of MGM Resorts International (NYSE: MGM) today announced that it had voted unanimously to recognize Kirk Kerkorian, the legendary businessman and philanthropist, with the distinction of Director Emeritus.
As Director Emeritus, Mr. Kerkorian will serve as a senior advisor to both MGM Resorts management and the Board, and will have a standing invitation to attend any meeting of the Board or its executive committee. He will not, however, retain voting rights on Board matters.
"Kirk's contributions to the growth and development of MGM Resorts are far too many to detail," said MGM Resorts International Chairman and CEO James J. Murren. "Of even greater impact, however, have been the contributions of his time, talent and treasure to so many throughout the Las Vegas community, across the United States and around the world," Mr. Murren said.
"Throughout the years, I have relied on Kirk far beyond his role as our largest shareholder," said Mr. Murren. "He has always been available to discuss any detail or issue, and I look forward to continuing to receive the benefit of his counsel for many years to come."
Mr. Kerkorian will serve out his current term as a board member, due to expire at the company's 2011 Annual Meeting of Shareholders this June, at which time he will transition to his status as Director Emeritus. Upon his formal appointment, he will become the first Director Emeritus in the company's history.
"One of the most rewarding aspects of my life has been my association with MGM Resorts and its predecessor companies," said Mr. Kerkorian. "I am deeply indebted to the hundreds of thousands of men and women who have worked for our companies through these many years. Their hard work and dedication to success created the extraordinary opportunity to share our success with others. It has been a privilege to work with them all, and I look forward to continuing to regularly consult with Jim and the Board of this wonderful company."
About MGM Resorts International (NYSE: MGM)
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in four other properties in Nevada, Illinois and Macau. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations.
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