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MGM extends contract of CEO Gary Barber through 2022

MGM extends contract of CEO Gary Barber through 2022

10/06/2017

MGM Holdings Inc. (MGMB) said on Thursday that it has extended the contract of Chairman and Chief Executive Gary Barber through December 2022. Barber has been with the media company since 2010, helping to revitalize the film and TV business and explore digital distribution. "He has developed a focused, strategic vision, which has positioned MGM for future growth and innovation," Kevin Ulrich, newly appointed chairman, said in a statement. "We have every confidence he will continue to lead this company in an exemplary fashion." Shares of MGM Holdings, which are over the counter, have gained nearly 10% in the year to date, while the S&P 500 index is up 14%.

-Trey Williams; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-05-17 1416ET

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