MGM Resorts chairman and chief executive officer Jim Murren on Wednesday announced he will be stepping down from his position prior to the expiration of his contract.
He is set to continue in his leadership position until a suitable replacement is found. MGM said it has engaged a nationally recognized executive search firm to fill the role.
Mr. Murren has been with MGM since 1998, serving as CFO and a member of its board of directors. He was named chairman and CEO of MGM Resorts in December 2008.
“Leading MGM Resorts has been the most rewarding and fulfilling experience in my professional career,” said Mr. Murren. “It has been an honor to work with such a talented group of men and women who provide millions of guests with memorable life experiences every day all over the world. We have a solid leadership team in place, and I am confident that they will work with my successor to continue the Company’s trajectory of growth and expansion. Until my successor is named, I will continue to lead this Company just as I always have and will remain focused on executing our strategy and am fully committed to supporting a seamless transition.”