MGM Resorts appoints Keith Meister to board of directors

MGM Resorts International has appointed hedge fund partner Keith Meister to its board of directors, expanding it from 12 to 13 members.

Meister is Managing Partner and Chief Investment Officer at Corvex Management LP, owners of 3% of MGM’s outstanding shares.

His previous experience includes similar boardroom positions at Yum, The Williams Companies, The ADT Corporation, Motorola and others.

Jim Murren, Chairman and CEO of MGM Resorts, said: “We are pleased to invite Keith onto the board as our newest independent director.

"As a significant shareholder in our company, we have been engaged in constructive dialogue in the last several months and are aligned on our strategy to increase free cash flow, continue to pursue an asset light model, drive margin improvement and position the experience in real estate and gaming will be invaluable as we continue to optimise our business and evolve as an organisation."

Meister said: "I look forward to working constructively with Jim, the management team and the board to help achieve our common goal of enhancing value for all shareholders."

Since 2017, MGM Resorts has appointed four new independent directors, including Meister.