MGM appoints new member to its board

The company has named Paul Salem as its 13th director and member board.

US.- MGM Resorts International has announced that it has appointed Paul Salem to the company’s Board of Directors. With his appointment, the Company’s Board has been expanded from 12 to 13 directors.

The company said that Salem has helped grow Providence Equity Partners L.L.C., a firm that specialises in media, communications, education and information industries. Salem increased assets under management across complementary private equity and credit businesses for the company from US$170 million to nearly US$60 billion.

Jim Murren, Chairman and Chief Executive Officer of MGM Resorts, said: “Mr. Salem is a distinguished leader with over 26 years of experience in the financial services industry. Paul brings invaluable insight in corporate finance and asset management, and his strong track record of value creation has earned him an outstanding reputation within the investment and not-for-profit communities. We look forward to benefitting from Paul’s expertise as we continue to focus on executing the Company’s long-term strategy.”

Salem added: ”I am honored to join the MGM Board during a time of exciting opportunity for the Company. I look forward to leveraging my financial background and working alongside the rest of the MGM Board and management team to accelerate the free cash flow generation and maximize value for all shareholders.”