Published on : Thursday, January 7, 2021
Jonathan Halkyard has been appointed as Chief Financial Officer for the global gaming, hospitality and entertainment organisation MGM Resorts. Halkyard is a senior corporate executive who spent 13 years in leadership roles at Caesars Entertainment and more recently served as the President and Chief Executive Officer of Extended Stay America, Inc. and ESH Hospitality, its paired-share REIT.
As Chief Financial Officer, Halkyard will be a member of the senior management team and have responsibility for all financial activities across MGM Resorts’ extensive domestic and international portfolio, as well as Investor Relations, Accounting, Treasury, Procurement and Tax. He will report to Bill Hornbuckle, President and CEO, and succeeds Corey Sanders, who was recently appointed Chief Operating Officer of the Company.
Throughout his career as a corporate executive with public company experience, Halkyard has held positions as CFO, COO and more recently CEO, in the gaming, hospitality and energy sectors. Halkyard joined Caesars Entertainment (formerly Harrah’s Entertainment) in a finance role at Harrah’s Lake Tahoe. He held various finance and operating positions during his tenure with Caesars, including numerous property general manager and corporate roles, such as Vice President, Treasurer, Senior Vice President and Executive Vice President.
He went on to become the Chief Financial Officer in 2006 and subsequently led the M&A charge for Horseshoe Gaming, WSOP, Caesars Entertainment and London Clubs International. He was part of the leadership team that oversaw the $30 billion sale of Caesars Entertainment to TPG and Apollo and drove over $200 million of savings post-closing. In 2013, Halkyard joined Extended Stay America as Chief Operating Officer, where he initially focused on streamlining operations across 680 properties.
In 2014, he was named interim CFO and in 2015 became CFO. He was appointed CEO in 2017. From 2012 to 2013, Halkyard served as EVP and CFO of NV Energy, a holding company providing energy services and products in Nevada, and its wholly owned subsidiaries, Nevada Power Company and Sierra Pacific Power Company. Halkyard is also the Director of Dave & Buster’s Entertainment, Director of Shift4 Payments, Inc. and is a Trustee of the International Center for Responsible Gaming. He holds his M.B.A. from Harvard University and his B.A. from Colgate University.
Hornbuckle, President and CEO, MGM Resorts said his statement that Jonathan brings the right mix of financial discipline, investor acumen, operating experience and seasoned corporate leadership to MGM Resorts at a vital time in its evolution and shared that his passion for hospitality, considerable experience in gaming, previous stewardship of strong balance sheets and investor credibility make him an excellent choice to complement the strong and committed leadership team. Paul Salem, Chairman of the Board, MGM added that on behalf of the MGM he is delighted to welcome Jonathan to MGM Resorts and is looking forward to work with Jonathan to drive continued focus on disciplined execution of strategic business plan, long-term recovery from the COVID-19 pandemic and future growth and development.