MGM MIRAGE (MGM) Appoints James J. Murren as Chairman/CEO
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MGM MIRAGE (NYSE: MGM) announced that its Board of Directors has elected James J. Murren as the Company's Chairman and Chief Executive Officer, effective December 1, 2008. J. Terrence Lanni will continue as a member of the Board and will join the Diversity Committee.
The announcement comes following the long-planned retirement of J. Terrence Lanni who had served as Chairman and CEO for more than 13 years. Mr. Lanni had recommended Mr. Murren as his replacement.
Kirk Kerkorian said, "As fortunate as we have been since 1995 to benefit from Terry's leadership, we are now benefiting from the succession plan he put in place more than two years ago as well as his continuing contributions to our company as a member of our Board. Jim is a remarkable and multifaceted leader in whom I have the utmost confidence."
MGM MIRAGE is a gaming company.[SM]
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