Former MGM Resorts Executive Chris Nordling Joins Vision Venture Partners As Chief Operating Officer
Vision Venture Partners (VVP), a private equity firm whose founders combine decades of business success and value creation from the high tech, video game, professional and lifestyle industries, announced the appointment of Chris Nordling as Chief Operating Officer (COO), effective immediately. Nordling will be responsible for overseeing daily operations and strategic planning for each of VVP's portfolio companies.
Nordling has deep corporate operations and finance experience, including leading both MGM Resorts International and Hilton Hotels into multibillion-dollar fiscal, administrative and operational success. He served as CFO for Mirage Resorts and Bellagio as well as President of corporate entities for MGM Resorts and led a hotel casino and various operating divisions, which resulted in generating more than $2 billion in revenue and $500 million in profit.
"Chris has transformed every business he's touched – from shaping the business plan to launching new divisions and building world-class financial management infrastructures," said Stratton Sclavos, partner of VVP. "Jace Hall, one of our partners, and I are confident he will align Vision Venture Partners' goals with operational best practices to enable VVP's portfolio companies to achieve their full potential."
From 2015 – 2017, Nordling increased growth of hotel room and MGM-owned retail store revenues by an average of 4.5 percent and 8 percent, respectively. He was a key leader on the CityCenter joint venture project which is the largest privately funded mixed-use development in the U.S. Prior to his two-decade tenure with MGM, he served as President for the Reno Flamingo Hilton.
"I'm excited to join the company as we look to build and expand the business," said Chris Nordling, COO of VVP. "I'm impressed with how much the leadership team has executed to date. They've set the stage for me to jump in and manage the day-to-day operations, while they continue to expand on our impressive portfolio."
About Vision Venture Partners
Vision Venture Partners (VVP) is a private equity firm formed by Amit Raizada, Rick Fox and Stratton Sclavos. Drawing on its Partners' many decades of business and personal success, VVP is focused on finding or creating operating companies in a wide variety of high-growth markets including technology, esports and video gaming, digital content production and lifestyle brands in food and beverage. VVP is focused on finding and nurturing entrepreneurs and companies that are building a new generation of services for the Generation Always consumer – today's consumer who is always connected, always social, always fun, always mobile, always interacting, always multitasking, always serious, always aware.
Through the principals' experience, relationships and access to capital, VVP provides its operating companies with a proven recipe for long term success - hire the right people, develop a compelling product or service, execute an aggressive go-to-market strategy and efficiently deploy capital to grow and capture a leadership position in the market.