MGM Resorts adds to its board

MGM Resorts International has appointed Keith A Meister to the board of directors.

With this appointment, the board has been expanded from 12 to 13 directors. Meister is managing partner and chief investment officer of Corvex Management, which owns approximately three per cent of MGM's outstanding shares.

Meister has extensive boardroom experience and previously served as a director on the boards of Yum! Brands, The Williams Companies, ADT Corporation, Ralcorp Holdings, Motorola and American Casino and Entertainment Properties, among 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 over 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 company for long-term future growth.”