Changes to the leadership and streamlining of responsibilities of MGM Resorts International were announced. Bill Hornbuckle has been named as President and Chief Operating Officer and Corey Sanders appointed as Chief Financial Officer.
Corey Sanders currently leads to strategic financial transformation that is a part of MGM 2020 and will also integrate the work with that of his current departments. Sanders previously served as Executive Vice President and CFO of MGM Grand Resorts and CFO of MGM Grand Las Vegas.
Dan D’Arrigo, the current Chief Officer, has decided to take advantage of this voluntary resignation program and will resign from the Board of Directors and the Company of MGM China, after a month.
Bill Hornbuckle will be expanding his role and will be appointed as the Chief Operating Officer of MGM Resorts in addition to being the President. He will look ag operations at all enterprise properties and will also lead marketing, human resource, entertainment and design and development.
“In the more than 23 years of service to the Company, Dan has shown great leadership and is leaving us with an exemplary set of professionals who will support Corey in his new role,” Chairman and CEO of MGM Resorts International, Jim Murren.
He further continued, “Corey’s expertise and intimate knowledge of both the operational and financial structures of MGM Resorts make him uniquely positioned to integrate those operational and financial activities in order to drive efficiency and execute our strategic priorities. The priorities include maximizing the performance of our premier properties and driving consolidated free cash flow growth. By appointing Corey CFO, we are well positioned to reach our financial and strategic targets.”
Mr. Murren added, “Bill is bringing exceptional breadth and depth of industry experience to his expanded role and will be instrumental in driving change as part of MGM 2020.”
The MGM 2020 program is a transformative initiative that is aimed to leverage a centralized organization. This will increase profitability. All these changes will be effective from March 1.