Hornbuckle succeeds former Chairman and CEO Jim Murren, who stepped down earlier this year. Hornbuckle was also appointed to serve on the company's Board of Directors, effective immediately.
"After a thorough national search, the board unanimously concluded that Bill is the best candidate to lead MGM Resorts through these immensely challenging times and into a more promising future," said Paul Salem, Chairman of the Board of Directors.
"There are few tests of leadership greater than what Bill has faced. His seasoned global experience, depth of knowledge and steady hand have provided reassurance and confidence to our employees, partners, guests and shareholders during one of the most difficult periods in the history of our company. He has fully earned the opportunity before him" Salem added.
"I am honored to lead this company as we look toward long-term recovery, future growth and opportunity. In doing so, I am especially mindful of the thousands of MGM Resorts employees who have been profoundly impacted by the current circumstances. Their dedication to the company's mission and safety allows guests from around the world to experience moments of happiness and hospitality amid uncertain times,” Hornbuckle said.
“I am here today presented with this leadership role due to the tremendous accomplishments, passion and courage of our people. While we will continue to operate in this new normal for the near term, fundamentally I am incredibly optimistic about the future of our company and our industry. We will remain focused on taking care of our guests and each other as we look toward our best days ahead," he concluded.