J. Terrence Lanni

J. Terrence Lanni is Chairman of the Board and Chief Executive Officer of MGM Grand, Inc., an entertainment, hotel and gaming company headquartered in Las Vegas, Nevada. He joined MGM Grand June 1, 1995. Mr. Lanni previously was a senior executive in the Caesars World, Inc. organization for 18 years, serving as President and Chief Operating Officer of that company from April 1981 to February 1995. Additionally, he was a member of the Caesars World Board of Directors during that 14-year period. Mr. Lanni originally joined Caesars World in January 1977 as Treasurer and Chief Financial Officer, was named Senior Vice President in April 1978 and elected Executive Vice President in December 1979.

Prior to joining Caesars, Mr. Lanni was Treasurer of Republic Corporation, New York Stock Exchange-listed conglomerate based in California. Mr. Lanni graduated from the University of Southern California with a B.A. in speech and general management and an M.B.A. (1967) in finance. In 1992, Mr. Lanni received the "Alumni of the Year Award" from USC's School of Business Administration.

Mr. Lanni is a member of the Board of Directors of the Santa Anita Companies, a NYSE listed company; Chairman of the Board of Trustees of Loyola Marymount University in Los Angeles; a member of the Board of Visitors of the University of Southern California, School of Business Administration, a Director of the American Gaming Association; a member of the Board of Trustees of University of Nevada Las Vegas; and a member of the Board of Trustees of the Ronald Reagan Presidential Foundation.