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Gillett ends 10-year reign at Vail. (Vail Resorts Inc. Chmn. and CEO George Gillett)
After a sometimes rocky 10-year stretch with Vail Resorts Inc., chairman and CEO George Gillett is poised to leave his highly paid position with the nation's largest ski resort and cash in on the company's planned initial public offering.
According to the Securities and Exchange Commission registration statement filed June 6 by Vail Resorts, which is owned by Apollo Ski Partners, Gillett, 57, will leave as chairman and CEO once the stock offering is under way later this year. Andrew Daly, the current president, will take over as CEO. Gillett's parachute in the deal includes his $1.5 million annual salary for an additional year and 786,486 shares of common stock valued …
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