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MGM RESORTS WELCOMES GLOBAL HOSPITALITY LEADER KEITH BARR TO BOARD OF DIRECTORS

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MGM Resorts International (NYSE: MGM) has appointed Keith Barr, former CEO of IHG Hotels & Resorts, to its Board of Directors. Barr, with over 30 years of experience in the hospitality industry, becomes the 12th board member. His tenure at IHG included successful initiatives that increased revenues, improved operational efficiency, and built a more customer-centric culture.

Paul Salem, Chair of the MGM Resorts Board, praised Barr's leadership skills and innovation, while CEO Bill Hornbuckle highlighted the value of Barr's expertise in building a successful international business as MGM pursues its own global growth strategy. Barr's experience spans roles as CEO of Greater China, COO of Australia and New Zealand, and various positions in the Americas with IHG.

MGM Resorts International (NYSE: MGM) ha nominato Keith Barr, ex CEO di IHG Hotels & Resorts, nel suo Consiglio di Amministrazione. Barr, con oltre 30 anni di esperienza nel settore dell'ospitalità, diventa il dodicesimo membro del consiglio. Durante il suo mandato all'IHG, ha realizzato iniziative di successo che hanno incrementato i ricavi, migliorato l'efficienza operativa e costruito una cultura più orientata al cliente.

Paul Salem, Presidente del Consiglio di MGM Resorts, ha elogiato le capacità di leadership e innovazione di Barr, mentre il CEO Bill Hornbuckle ha sottolineato il valore dell'esperienza di Barr nel costruire un'impresa internazionale di successo, mentre MGM persegue la propria strategia di crescita globale. L'esperienza di Barr comprende ruoli come CEO della Grande Cina, COO di Australia e Nuova Zelanda, e diverse posizioni nelle Americhe con IHG.

MGM Resorts International (NYSE: MGM) ha nombrado a Keith Barr, ex CEO de IHG Hotels & Resorts, en su Junta Directiva. Barr, con más de 30 años de experiencia en la industria hotelera, se convierte en el duodécimo miembro del consejo. Su mandato en IHG incluyó iniciativas exitosas que aumentaron los ingresos, mejoraron la eficiencia operativa y construyeron una cultura más centrada en el cliente.

Paul Salem, Presidente de la Junta de MGM Resorts, elogió las habilidades de liderazgo e innovación de Barr, mientras que el CEO Bill Hornbuckle destacó el valor de la experiencia de Barr en la construcción de un negocio internacional exitoso, mientras MGM persigue su propia estrategia de crecimiento global. La experiencia de Barr abarca roles como CEO de Gran China, COO de Australia y Nueva Zelanda, y varias posiciones en las Américas con IHG.

MGM 리조트 인터내셔널 (NYSE: MGM)은 키스 바르를 IHG 호텔 & 리조트의 전 CEO로 이사로 임명했습니다. 바르는 30년 이상의 경험을 가진 호텔업계의 전문가로, 이사회 12번째 회원이 되었습니다. IHG에서의 그의 재임 기간 동안, 그는 수익을 증가시키고 운영 효율성을 개선하며, 고객 중심의 문화를 구축하는 성공적인 이니셔티브를 추진했습니다.

MGM 리조트 이사회 의장인 폴 세일렘은 바르의 리더십과 혁신 능력을 칭찬하며, CEO 빌 혼부클은 MGM이 자사의 글로벌 성장 전략을 추진하는 가운데 바르의 성공적인 국제 비즈니스 구축 경험의 가치를 강조했습니다. 바르의 경력은 그레이터 차이나 CEO, 호주 및 뉴질랜드 COO, IHG의 미국 내 여러 직책을 포함하고 있습니다.

MGM Resorts International (NYSE: MGM) a nommé Keith Barr, ancien PDG d'IHG Hotels & Resorts, au sein de son Conseil d'Administration. Barr, avec plus de 30 ans d'expérience dans l'industrie hôtelière, devient le douzième membre du conseil. Son mandat chez IHG a inclus des initiatives réussies qui ont augmenté les revenus, amélioré l'efficacité opérationnelle et construit une culture plus centrée sur le client.

Paul Salem, président du Conseil de MGM Resorts, a salué les compétences en leadership et l'innovation de Barr, tandis que le CEO Bill Hornbuckle a souligné la valeur de l'expertise de Barr pour construire une entreprise internationale prospère, alors que MGM poursuit sa propre stratégie de croissance mondiale. L'expérience de Barr couvre des rôles en tant que PDG de la Grande Chine, COO de l'Australie et de la Nouvelle-Zélande, et divers postes aux Amériques chez IHG.

MGM Resorts International (NYSE: MGM) hat Keith Barr, den ehemaligen CEO von IHG Hotels & Resorts, in seinen Vorstand berufen. Barr bringt über 30 Jahre Erfahrung in der Hotellerie mit und wird das zwölfte Vorstandsmitglied. Während seiner Zeit bei IHG setzte er erfolgreiche Initiativen um, die die Einnahmen erhöhten, die operative Effizienz verbesserten und eine kundenorientiertere Kultur schufen.

Paul Salem, Vorsitzender des MGM Resorts Vorstands, lobte Barrs Führungsqualitäten und Innovationskraft, während CEO Bill Hornbuckle den Wert von Barrs Expertise im Aufbau eines erfolgreichen internationalen Geschäfts hervorhob, während MGM seine eigene globale Wachstumsstrategie verfolgt. Barrs Erfahrung umfasst Rollen als CEO von Greater China, COO von Australien und Neuseeland und verschiedene Positionen in den Amerikas bei IHG.

Positive
  • Addition of a highly experienced hospitality industry leader to the board
  • Potential for improved operational efficiency and revenue growth based on Barr's track record
  • Alignment with MGM's international growth strategy
  • Expansion of board expertise in hotel operations, technology, sales, and marketing
Negative
  • None.

LAS VEGAS, Aug. 21, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today appointed Keith Barr, former CEO of IHG Hotels & Resorts (IHG), to the Company's Board of Directors. Barr becomes the 12th member of the board.

Barr is a globally recognized leader in the hospitality industry, with more than 30 years of experience. He served as the CEO of IHG Hotels & Resorts between 2017 and 2023 and as IHG's Chief Commercial Officer between 2013 and 2017. In that time, Barr successfully drove innovation and internal changes that increased revenues, improved operational efficiency and built a more customer-centric culture at IHG. "Keith's tremendous career is a testament to his leadership skills and eye for innovation," said Paul Salem, Chair of the MGM Resorts Board of Directors. "His experience in hotel operations, technology, sales and marketing will be an incredible asset as he offers valuable guidance to MGM Resorts."

MGM Resorts CEO & President Bill Hornbuckle added: "We welcome Keith to our Board and are excited to tap into his deep knowledge and insights as we continue to focus on providing world-class experiences for our guests. Keith has spent decades driving innovation and growth in the hospitality industry, and his expertise in building a highly successful international business will be invaluable as we drive our own international growth strategy."

Barr built his hospitality executive career with roles as CEO of Greater China, COO of Australia and New Zealand, and multiple roles in the Americas with IHG. He has served on the World Travel and Tourism Council, British American Business Council and WiHTL. Barr also contributes his time to multiple advisory leadership roles at Cornell University, his alma mater.

"It's an honor to serve in this leadership role as MGM Resorts continues to lead in hospitality experiences throughout the entire world," said Barr. "I'm looking forward to bringing my global hospitality expertise to the table as our leadership team continues to build MGM's reputation worldwide as the premier gaming and entertainment company."

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market- leading brands, including BetMGM and partypoker, and the Company's subsidiary LeoVegas AB offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.

Forward Looking Statements:

Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the execution of its gaming and entertainment strategy. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transaction or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the economic and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of expansion projects, risks relating to international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

CONTACT: media@mgmresorts.com

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SOURCE MGM Resorts International

FAQ

Who is Keith Barr and why did MGM Resorts (MGM) appoint him to their board?

Keith Barr is the former CEO of IHG Hotels & Resorts with over 30 years of experience in the hospitality industry. MGM Resorts appointed him to their board for his expertise in hotel operations, technology, sales, and marketing, as well as his success in driving innovation and growth in international markets.

How many members are now on MGM Resorts' (MGM) Board of Directors?

With the appointment of Keith Barr, MGM Resorts' Board of Directors now has 12 members.

What specific experience does Keith Barr bring to MGM Resorts' (MGM) board?

Keith Barr brings experience as CEO of IHG Hotels & Resorts, CEO of Greater China, COO of Australia and New Zealand, and various roles in the Americas. He has a track record of increasing revenues, improving operational efficiency, and building customer-centric cultures in the hospitality industry.

How does Keith Barr's appointment align with MGM Resorts' (MGM) strategy?

Keith Barr's appointment aligns with MGM Resorts' international growth strategy. His expertise in building successful international businesses is expected to be valuable as MGM continues to expand its global presence in the gaming and entertainment industry.

MGM RESORTS INTERNATIONAL

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