MGM Gives CEO Barber Extension Through 2022

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MGM Holding said it extended chairman and CEO Gary Barber’s contract through December 2020.

Barber joined MGM in 2010 as co-chairman and co-CEO with Robert Birnbaum in 2010. The company was emerging from bankruptcy proceedings at the time. In 2013, Barber became sole chairman and CEO.

“Gary is a dynamic leader and during the past seven years, MGM has regained its prominence as a leading entertainment company,” said Kevin Ulrich, CEO of Anchorage Capital Group and chair of the MGM board of directors. “He has developed a focused, strategic vision, which combined with a strong financial discipline, has positioned MGM for future growth and innovation. We have every confidence he will continue to lead this company in an exemplary fashion.”

This year, MGM acquired Epix for $1.2 billion.

Jon Lafayette
Jon Lafayette

Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.