MGM Appoints Daniel Taylor as President
Posted on February 27, 2005
Metro-Goldwyn-Mayer Inc., and its buyer, a Consortium of investors consisting of Providence Equity Partners, Texas Pacific Group, DLJ Merchant Banking, Sony Corporation of America and Comcast Corporation, have announced the appointment of Daniel Taylor as President of Metro-Goldwyn-Mayer Inc., following completion of the sale of MGM to the Consortium. As President, Mr. Taylor will be responsible for overseeing all operations of the independent privately-held MGM, including development and production of a smaller slate of theatrical and television product through co-financing and distribution with Sony. Additionally, he will play a major role in leveraging the film library while working with Comcast to expand MGM's reach by identifying new platform, content and channel opportunities. Mr. Taylor has spent the last 7-1/2 years at MGM, most recently as Senior Executive Vice President and Chief Financial Officer, where he oversaw all financial functions of the company. Mr. Taylor rejoined MGM in August 1997 as Executive Vice President -- Corporate Finance. Prior to his most recent tenure at MGM, he served as an executive for Tracinda Corporation. Earlier in his career, he had been at MGM from 1985 to 1991, after beginning his association with the Company in 1983 while working at Arthur Andersen & Co. as a Senior Tax Manager.
