Dr. Carole Ackermann will succeed EHL Holding SA from 22 June 2020 as President of the Board of Directors and President-Elect of the Board of Governors. Having 20 years of management experience on the boards of SMEs and large companies.
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MGM Resorts International has announced that Chief Operating Officer and President Bill Hornbuckle, has been named acting Chief Executive Officer (CEO) and President, replacing outgoing Chairman and CEO Jim Murren.
Replacing Murren as the Chair of the Board of Directors will be Paul Salem, who currently is a member of the MGM Resorts Board of Directors and Chair of the real estate committee of MGM Resorts, which is in the process of executing the asset light strategy.
"The nation is facing an unprecedented crisis, causing the travel and hospitality industry to grind to a near halt. It is clear that once the threat to the public health has subsided and we are ready to reopen our resorts and casinos, it will take an incredible effort to ramp back up," said Paul Salem, Chairman of the MGM Resorts Board of Directors. "We believe continued steady, skilled leadership is needed in this time of great upheaval and uncertainty. Bill is one of the most experienced operators in the business and we have confidence in his ability to bring this company back online. Jim Murren is an outstanding leader who transformed MGM Resorts during his 22 years. Since Jim announced his stepping down from MGM Resorts, we felt that now more than ever, continuity of leadership was of vital importance."
MGM Resorts International has announced it has appointed Paul Salem to the Company's Board of Directors. With his appointment, the Company's Board has been expanded from 12 to 13 directors.
Mr. Salem is a distinguished leader with over 26 years of experience in the financial services industry
He joined Providence Equity in 1992, where he has served in several leadership positions and been instrumental in establishing the firm's London office, helping to create Benefit Street Partners, Providence's credit affiliate and leading the acquisition of Merganser Capital. Prior to joining Providence Equity, He worked for Morgan Stanley in corporate finance and mergers and acquisition, and for Prudential Investment Corporation, an affiliate of Prudential Insurance, in private placement financings and leveraged buyout transactions.
He currently serves as a director of Grupo TorreSur. He previously served as a director of Asurion, Eircom, Madison River Telecom, MetroNet (formerly AT&T Canada), PanAmSat, Tele1 Europe, Verio, Wired Magazine and several other Providence investments.
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