MGM Hires New CFO

Courtesy of MGM
Kenneth Kay

Kenneth Kay was previously CFO of Las Vegas Sands Corp. and CB Richard Ellis Group.

MGM said Monday it has appointed Kenneth Kay its new CFO, replacing Dene Stratton, who is stepping down from the post after four years.

Kay, a former executive with Universal Studios — Consumer Products Group, is co-founder of Raven, an investment and advisory service in Las Vegas, and he was previously CFO of Las Vegas Sands Corp. and CFO of CB Richard Ellis Group.

MGM, home to one of Hollywood's more impressive movie libraries, has Max and Poltergeist now in theaters and is co-producing Spectre, the next installment in the James Bond franchise to be released by Sony in November. MGM is also co-producing Creed, the next movie in the Rocky franchise.

"Ken Brings to MGM a wealth of strategic experience and expertise," said MGM CEO Gary Barber.

"I am thrilled to be joining Gary and MGM at such an exciting time," said Kay.

Email: Paul.Bond@THR.com

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