James Murren Bio, Wiki

James Murren is an American businessman who is best known for being the chairman and CEO of MGM Resorts International, headquartered in Paradise, Nevada. Murren is a member of the National Infrastructure Advisory Council.

James Murren Education

Murren studied at Roger Ludlowe High School in Fairfield, Connecticut, where he played football and baseball and was a member of the National Honor Society. He received his undergraduate degree at Trinity College in Connecticut, where he studied art history and urban studies and attended Cesare Barbieri Center in Rome, Italy.

James Murren Career

Murren joined the Wall Street firm of Cyrus J. Lawrence as a securities analyst and in 1991 he earned the Chartered Financial Analyst certification. Murren was elected a member of the firm’s Board of Directors, becoming the youngest member ever of the company’s board. During his career on Wall Street, Murren brought about a pivotal recapitalization of MGM Grand, Inc. in 1996 and he served as a Managing Director and the Director of U.S. equity research for Deutsche Bank.

James Murren MGM

Murren moved to the corporate sector in 1998 joining MGM as CFO and member of its board of directors. In 1999, Murren became president and was promoted to chief operating officer in 2007. In December 2008, he became chairman and CEO in his 10th year at the company. Under Murren’s tenure, the company embarked upon an extremely successful decade of growth.

He was the architect of $15 billion of acquisitions including Primadonna Resort & Casino in 1998, Mirage Resorts in 2000, and Mandalay Resort Group in 2005—acquisitions that helped transform MGM into the world’s largest gaming company. Murren was repeatedly honored as the gaming and lodging industry’s top CFO by Institutional Investor magazine.

In 2008–09, he led an extensive reorganization of the company, resulting in over $500 million of annual savings; this, together with a $3.8 billion financing effort, kept the company from failure during the early days of the Great Recession in 2008 and 2009. During his tenure, the company joined Dubai World in the development of the Las Vegas Strip’s City Center.

When CityCenter opened in December 2009, it represented the largest single private development and the largest green project ever undertaken in the nation’s history and America’s number one generator of new jobs during the Great Recession.

In 2013, Murren was named executive chairman of the board of directors of the Corporate Responsibility Officers Association, a professional society for corporate responsibility practitioners. President Obama named him to serve on the National Infrastructure Advisory Council. In the same year, Murren was recognized as Executive of the Year by Casino Journal.

James Murren Age

Murren was born as James Joseph Murren on October 5, 1961, in Bridgeport, Connecticut, United States. He is 62 years old.

James Murren Height

Murren stands at a height of 5 feet 7 inches tall.

James Murren Family

Murren has managed to keep his personal life away from the limelight hence he has not disclosed any information about his parents. It is also not known if Murren has any siblings.

James Murren Wife

Murren is married to American businesswoman Heather Hay since 1990. The couple is blessed with two children. His wife is a private investor, former Wall Street securities analyst, and special correspondent at The Nevada Independent, which was founded by Jon Ralston. Murren and his wife co-founded the Nevada Cancer Institute and actively support Trinity College, The Johns Hopkins University, the Fisher House Foundation for veterans and military families, and other non-profit organizations.

James Murren Net Worth

Murren has an estimated net worth of at least $37.9 Million dollars. He owns over 18,886 units of MGM Resorts International stock worth over $4,985,985. In 2011, according to Forbes, his total remuneration from MGM was $9.9 million, including $2 million in salary.

James Murren Salary | MGM CEO Salary

Murren earned $12,849,000 as Chairman of the Board and Chief Executive Officer at MGM Resorts International.

James Murren Resign

February 12, 2020, Murren stepped down as CEO of MGM Resorts. On an earnings call Wednesday, he said he is stepping down before his contract expires and the board will conduct a comprehensive search for a successor. He said, “I’ve accomplished a lot and I’m proud of the company it’s become. This has been the most rewarding and fulfilling experience in my professional career.”

The table below answers some of the frequently asked questions about Murren.