TEDDYS WISHES: IMG Decides Michael Dolan Chairman/Boss & To Remain Stand alone Company

Not surprisingly, IMG and Forstmann Little today completed the wishes oftheir late boss Tedd Forstmann by selecting his handpicked successors to guide the businesses after his dying. And, no, Michael Ovitz wasn’t pointed out: NY, NY — IMG Worldwide, a number one global sports, fashion and media company, introduced today the investors of IMG have all chosen Michael Dolan Chairman of IMG and also the IMG Board of Company directors has all chosen him Ceo, following a passing of IMG’s former Chairman and Leader Ted Forstmann. Mr. Dolan became a member of IMG at the begining of 2010 as Executive V . P . and Chief Financial Officer. In April 2011, Mr. Forstmann hired Mike Dolan to Leader and Chief Operating Officer to guide day-to-day control over the organization, and function Mr. Forstmann’s hands-selected successor to operate the organization following his dying. “Mike’s broad global experience and record of success makes him a obvious option to lead IMG forward,” stated Julian Robertson, founding father of an investment firm Tiger Management who had been hired today Chairman of Forstmann Little &Co. “Mike has got the vision, experience, passion and leadership abilities to make sure IMG’s ongoing growth and success.” Mr. Robertson has additionally been chosen towards the Board of Company directors of IMG. Following his election to Chairman and Ceo, Mike Dolan stated, “Over yesteryear 2 yrs we now have created a proper arrange for the organization that's effective and it has already commenced to create significant sustainable results. We're devoted to growing the company to increase the worthiness for the investors.” Additionally, the Board of Company directors of IMG stated it confirms the maximum worth of the organization can best be accomplished like a stand alone company. Since joining IMG, Mr. Dolan continues to be instrumental within the development and execution of the organization’s global strategy. Mr. Dolan presently leads the organization’s expansion into high growth marketplaces including China, India and South america, in addition to expansion into start up business areas. This Year, he brought a change of the organization’s financial structure and organization in addition to several key proper purchases enabling the development of new revenue platforms for the organization. “IMG has lost a superb leader and friend in Ted Forstmann,” stated Mike Dolan. “I am proud and honored to defend myself against this role and also to continue building IMG for future growth and success. IMG is definitely an remarkable company with scale, scope and assets which are unrivaled inside the industry. With IMG’s strong leadership team, strong companies, and new and exciting revenue possibilities, I'm certain that we could grow the corporation lengthy in to the future.” Just before joining IMG, Mr. Dolan offered as Executive V . P . and CFO of Viacom, where he brought the spin-from Viacom from CBS and also the launch from the new independent public company. Mr. Dolan was formerly Chairman and Boss of Youthful & Rubicam, the varied marketing services company with more than 10,000 employees. He started his career at Youthful & Rubicam in 1995 as Executive V . P . and Chief Financial Officer, and that he brought the 1996 recapitalization of the organization and subsequent IPO in 1998.