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MGM Mirage appoints new CEO


CNNMoney.com,  Tuesday, November 18, 2008 at 6:39:43 PM

The board of MGM Mirage Inc. appointed Jim Murren the casino operator's new chairman and chief executive to replace Terry Lanni, the company said Tuesday.

Murren, MGM Mirage's chief operating officer and the man largely credited with envisioning its $9.2 billion CityCenter complex now under construction on the Las Vegas Strip, will take over the top spot Dec. 1, the company said.

Murren told The Associated Press he looks forward to guiding the company past tough economic times that have hit the casino industry hard, particularly in Sin City.

"This is not for the faint of heart right now -- it's for people who are absolutely dedicated," he said.


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