Aldo Manzini, Named EVP and CAO for MGM MIRAGE
Former Walt Disney Executive
LAS VEGAS, NV, 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.
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.
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