MGM Resorts Names Hornbuckle CEO, Removes Acting Tag

LAS VEGAS—The MGM Resorts International board of directors has elected Bill Hornbuckle CEO/president, effective immediately. Hornbuckle has been serving the company as acting CEO/president since March. He succeeds former Chairman/CEO Jim Murren, who stepped down earlier this year. Hornbuckle was also appointed to serve on the company’s board of directors, effective immediately.

“After a thorough national search, the board unanimously concluded that Bill is the best candidate to lead MGM Resorts through these immensely challenging times and into a more promising future,” said Paul Salem, chairman of the board of directors. “There are few tests of leadership greater than what Bill has faced. His seasoned global experience, depth of knowledge and steady hand have provided reassurance and confidence to our employees, partners, guests and shareholders during one of the most difficult periods in the history of our company. He has fully earned the opportunity before him.”

“I am honored to lead this company as we look toward long-term recovery, future growth and opportunity. In doing so, I am especially mindful of the thousands of MGM Resorts employees who have been profoundly impacted by the current circumstances. Their dedication to the company’s mission and safety allows guests from around the world to experience moments of happiness and hospitality amid uncertain times. I am here today presented with this leadership role due to the tremendous accomplishments, passion and courage of our people,” said Hornbuckle. “While we will continue to operate in this new normal for the near term, fundamentally I am incredibly optimistic about the future of our company and our industry. We will remain focused on taking care of our guests and each other as we look toward our best days ahead.”

Hornbuckle is also currently executive director and board chairman of MGM China Holdings, with operations and resorts in Macau. In addition, he is the chairman of the board of directors of the CityCenter JV Board of Directors (a joint venture with Dubai World) and is a member of the Las Vegas Stadium Authority board of directors.

Hornbuckle was previously CMO of MGM Resorts International from 2009 until 2012. From 2005 until August 2009, he served as president/COO of Mandalay Bay Resort & Casino. He previously had served as president/COO of MGM Resorts International-Europe, where he worked on the development of the company’s gaming operations in the U.K. He also served as president/COO of MGM Grand Las Vegas from 1998 to 2001.