Alan Feldman, who has been one of MGM’s top executives for nearly 30 years, many of them as corporate spokesman, announced last month that he will be taking an advisory role beginning June 1.
Feldman is executive vice president of global industry affairs for MGM. Through a statement by email and Facebook, he said he will continue to be involved with the company, but noted that his new role is part of the company’s MGM 2020 cost reduction and margin improvement plan that it unveiled in January.
“As I begin the next chapter of my career, I will continue to advise MGM Resorts in its bid to secure a license in Japan as well as further developing the company’s global responsible gaming initiatives, both projects I am very passionate about,” Feldman said.
The company is offering its top executives sort of a “golden handshake,” and Feldman was the second prominent longtime executive to take them up on it. The first was CFO Dan D’Arrigo, who left the company earlier this month.
Feldman has worked for MGM since 2000. For many years he was the company’s corporate spokesman before moving into development. Born in Southern California, he entered the gaming industry in 1989 when he moved to Las Vegas to work for Mirage Resorts, whose chief executive officer was Steve Wynn.