MGM Resorts International has confirmed that William Hornbuckle has been elected as chief executive officer and president of the group, confirmed in the roles he has occupied following the departure of prior incumbent Jim Murren earlier in the year.
Having served as acting CEO and president since March 2020, Hornbuckle has also been appointed to serve on the company’s board of directors with immediate effect.
Murren informed the MGM board of directors early this year of his decision to step aside following the expiration of his current contract, and, in light of the COVID-19 public health crisis, vacated the position to provide continuity of leadership for the company.
“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,” commented Paul Salem, chairman of the board of directors, who also replaced Murren in the role.
“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.”
A graduate of the University of Nevada, Las Vegas, Hornbuckle is also currently executive director and board chairman of MGM China Holdings with operations and resorts in Macau, chairman of the board of directors of the CityCenter JV(a joint venture with Dubai World) and a member of the Las Vegas Stadium Authority board of directors
“I am honoured 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,” Hornbuckle explained.
“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.
“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.”