USA – It has been announced today that the current chairman and chief executive officer of MGM Resorts International Jim Murren is resigning from his roles, but will continue in the positions until the firm find a suitable successor.
The process to fill the leadership role is already underway with the formation of an independent directors committee, who is working closely with an executive search company to find a suitable candidate.
Lead Independent Director of the MGM Resorts Board of Directors Roland Hernandez commented on the resignation:
“On behalf of the entire MGM Resorts Board of Directors, I want to thank Jim for his years of dedication to the Company and the community. Jim has led the Company through growth, transforming it into a global entertainment company with a worldwide footprint and creating value for MGM Resorts shareholders. As CEO, he has spearheaded significant achievements across our properties, including the development of the CityCenter destination and has turned resorts into showcases of entertainment and sophisticated architecture.”
Hernandez spoke highly of Murren and expanded on details of the company’s future:
“The Board is focused on continuing to create long-term value for MGM Resorts shareholders. The search committee, along with the entire Board, will be dedicating significant attention and resources towards identifying and naming Jim’s successor. Jim will continue to lead the Company during this process. We will also look to the talented management team in place to help guide the Company into this next chapter.”
Jim Murren has worked for MGM Resorts International for more than twenty years and has served as chairman and chief executive officer since 2008.
The 58 year old from Connecticut has been influential in the firm’s activities in Asia, along with its pursuit of a Japanese gambling license in Osaka.
Jim Murren reflected on his time at the American global hospitality and entertainment company:
“Leading MGM Resorts has been the most rewarding and fulfilling experience in my professional career. It has been an honour to work with such a talented group of men and women who provide millions of guests with memorable life experiences every day all over the world. We have a solid leadership team in place, and I am confident that they will work with my successor to continue the Company’s trajectory of growth and expansion. Until my successor is named, I will continue to lead this Company just as I always have and will remain focused on executing our strategy and am fully committed to supporting a seamless transition.”