BROOMFIELD, Colo.—March 11, 2009—Vail Resorts, Inc. (MTN:NYSE) today announced that Robert A. Katz, chief executive officer of Vail Resorts, has been named to the additional position of chairman of the board of directors of the Company, replacing Joe Micheletto, who retired from his positions as chairman of the board and as a director on Feb. 2, 2009. Katz has been a director of Vail Resorts since June 1996, and served as lead director from June 2003 through February 2006. Concurrently, Roland A. Hernandez has been named lead director of the board. Hernandez has been a director of Vail Resorts since December 2002.
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About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resort properties at the Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of California and Nevada and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.