For the first time in 13 years, MGM Resort International (MGM) has a new president. He is well-known gaming executive Bill Hornbuckle, 54. He assumes the “president’s” title from company Chairman and CEO Jim Murren.
The change in the company’s executive structure was described by Murren as the company’s strategic plan to expand MGM Resorts’ presence domestically and internationally.
Also affected by the upper echelon moves were Bobby Baldwin, president and CEO of CityCenter, who will assume the duties formerly held by Bill McBeath, who resigned his post.
According to Murren, McBeath,49, who was credited with the development of CityCenter and its hotel/casino, “notified me of his intent to step back to reassess his career goals, which I understand and respect.”
Expanded responsibilities also were announced for COO Corey Sanders, who will have greater oversight of the company’s operating functions, including retail, corporate advertising and sales, and Dan D’Arrigo, the company chief financial officer.
Murren, 51, has held the company’s title of president since 1998, a year after being lured away by then Chairman and CEO Terry Lanni from Deutsche Bank where he served as a gaming analyst.
Hornbuckle, said Murren, will continue as the company’s chief marketing officer.
“Bill Hornbuckle is widely regarded as one of the most strategic and effective leaders in the hospitality and entertainment industry,” said Murren in a statement.
“Since assuming the newly-created role of CMO for the company in 2010, he has been focused on growing the company’s relationships with our customers and guests. He has achieved this with significant success, for example, in the creation and growth of our M life customers’ loyalty program.”
Just last month, the company announced that Murren had been given a new employment contract that keeps him with the company until 2016.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].