News for the Hospitality Executive
|LAS VEGAS, March 8, 2007 - MGM MIRAGE (NYSE: MGM) today
announced that Mr. Aldo Manzini has been named to the newly created position
as the company's Executive Vice President and Chief Administrative Officer.
This addition to senior company management will bring strategic coordination
to the company's administrative functions.
Mr. Manzini will oversee multiple corporate departments providing significant administrative support to the company's operations and corporate endeavors. Among the departments reporting to Mr. Manzini: Human Resources, Information Technology, Procurement, Purchasing, Risk Management, Call Operations, Loyalty Marketing, Advertising and Public Affairs.
"Mr. Manzini brings to MGM MIRAGE impressive credentials and accomplishments in this new position," said Terry Lanni, Chairman of the Board and CEO of MGM MIRAGE. "His knowledge of efficiently building our international capabilities will assist us in taking advantage of the myriad strategic growth opportunities we are considering."
After graduating from Oxford University in 1984, Mr. Manzini went on to receive his MBA in Finance from the University of Chicago, Graduate School of Business in 1988.
Mr. Manzini comes to MGM MIRAGE after an accomplished tenure with the Walt Disney Company. Serving as that company's Senior Vice President for Strategic Planning, he led corporate development and strategy in Consumer Products, Theme Parks and Corporate Alliances.
From his strategic planning position, Mr. Manzini touched many areas of Disney's global business interests, including specialty retail, cruise line and theme park resort operations, integration of publishing operations, development of new avenues in electronic media and both the development and financial restructuring of overseas operations.
Mr. Manzini is an experienced competitor on the global business playing field. He speaks several languages and worked overseas in Europe and on recent development projects in Asia.
MGM MIRAGE (NYSE: MGM), one of the world's leading and most respected hotel and gaming companies, owns and operates 23 properties located in Nevada, Mississippi and Michigan, and has investments in three other properties in Nevada, New Jersey and Illinois. The Company has entered into agreements to sell its three Primm Valley Resort properties located in Primm, Nevada and its Colorado Belle and Edgewater properties located in Laughlin, Nevada. In addition, the Company has major new developments under construction in Nevada, Michigan and Macau S.A.R. CityCenter is a multi-billion dollar mixed-use urban development in the heart of the Las Vegas Strip; a new MGM Grand hotel and casino complex is being built in downtown Detroit; and the Company has a 50% interest in MGM Grand Macau, a hotel-casino resort currently under construction in Macau S.A.R. MGM MIRAGE supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its properties. MGM MIRAGE also has been the recipient of numerous awards and recognitions for its industry-leading Diversity Initiative and its community philanthropy programs. For more information about MGM MIRAGE, please visit the company's website at http://www.mgmmirage.com.
Statements in this release which are not historical facts are "forward looking" statements and "safe harbor statements" Under the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including risks and/or uncertainties as described in the company's public filings with the Securities and Exchange Commission.
Borgata Hotel Casino & Spa
|Also See:||MGM Mirage Believes its $7 billion Project CityCenter Setting New Standard for Las Vegas Developers; Considering a Project CityCenter East Adjacant to the Borgata in Atlantic City / May 2006|
|MGM Mirage, With 70,000 Employees, Unveils 2005 Diversity Report / May 2006|
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