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Hornbuckle is acting CEO for MGM Resorts International

Outgoing CEO Murren leaving early so company can prepare for COVID-19 pandemic

Bill Hornbuckle, chief operating officer and president for MGM Resorts International, has been named the company’s acting CEO. He will take on the duties of outgoing CEO Jim Murren who gave notice in February that he would leave at the end of his contract.

Murren decided to step down early so the company could have continuity of leadership during the COVID-19 pandemic. Last week he was one of several hotel company CEOs who met with President Donald Trump to discuss the pandemic’s effect on the hotel industry.


Hornbuckle also is a member of MGM’s executive committee and a member of its board of directors for MGM China Holdings. He previously served as president and chief operating officer for Caesars Palace in Las Vegas and spent the majority of his career with Mirage Resorts in various senior management positions.

He has a bachelor’s degree from the University of Nevada.

Paul Salem, a member of the MGM board of directors and chair of the real estate committee of MGM Resorts, will replace Murren as chairman of the board.

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Peachtree Group's Equipment Finance Hits $30M Milestone
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Peachtree’s equipment finance hits $30M

Summary:

  • Peachtree posted nearly $30 million in equipment finance transactions in its first quarter.
  • The division was created to fill a gap as banks reduce lending to middle-market borrowers.
  • Deals covered equipment for transportation, technology and material handling.

PEACHTREE GROUP’S EQUIPMENT finance division closed $29.8 million in capital lease and fair market value transactions across multiple industries in its first full quarter following the platform’s October launch. The deals included equipment for transportation, technology and material handling.

Peachtree Equipment Finance was created to address a gap in the equipment leasing market as banks reduce exposure to middle-market borrowers, Peachtree said in a statement. It focuses on capital leases and FMV transactions structured to businesses’ operational needs.

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