John Redmond
VAIL RESORTSAbout John Redmond
John Redmond served as an independent director of Vail Resorts (MTN) since March 2008. He is age 66 as disclosed in the 2024 proxy and is not standing for reelection at the December 9, 2025 Annual Meeting, concluding a ~17-year tenure on MTN’s board . He is designated an Audit Committee Financial Expert and has been a member of the Audit Committee; all directors except the CEO are affirmed independent in MTN’s governance disclosures .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Allegiant Travel Company | CEO and Director | Jun 2022 – Sep 2023 | Led airline operations; previously President (Sep 2016 – Jun 2022) shaping strategy and HR transition |
| Echo Entertainment Group Limited | Managing Director & CEO | Jan 2013 – Apr 2014 | Led Australian gaming/entertainment operator; earlier non-executive director (Mar 2012 – Jan 2013) |
| MGM Resorts International / MGM Grand Resorts, LLC | President & CEO; Co-CEO; SVP roles | 1999 – 2007 (Co-CEO Dec 1999–Mar 2001; President & CEO Mar 2001–Aug 2007; prior SVP positions) | Oversaw resort-casino portfolio, retail and residential developments |
| Caesars World, Inc. | Senior Vice President; CFO | Pre-1996 | Senior operational and development positions; CFO experience |
| Tropicana Las Vegas Hotel and Casino, Inc. | Director | Prior service | Board oversight at Las Vegas operator |
External Roles
| Organization | Role | Status |
|---|---|---|
| Allegiant Travel Company | Director (during CEO service) | Past; not disclosed as current in MTN proxies |
No current public company directorships are listed for Mr. Redmond in MTN’s 2024/2025 proxy biographies .
Board Governance
- Committee assignments: Audit Committee member; designated Audit Committee Financial Expert .
- Independence: MTN states nominees/committee members (except CEO) are independent; Redmond is disclosed as independent .
- Attendance: In fiscal 2025, the Board met eight times; each then-serving director attended at least 75% of Board and committee meetings; Audit Committee met four times .
- Tenure & refresh: MTN thanks John Redmond and John Sorte, who are not standing for reelection at the 2025 meeting (formal refresh) .
- Lead Independent Director: D. Bruce Sewell serves as Lead Independent Director; executive sessions follow each quarterly Board meeting .
- Related parties: No related party transactions in fiscal 2025; similar conclusion in fiscal 2024 .
- Anti-hedging/pledging: Directors and senior employees are prohibited from hedging or pledging Company stock .
Fixed Compensation
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Board cash retainer ($) | 83,451 | 85,000 |
| Audit Committee cash ($) | 17,113 | 17,500 |
| Other committee fees ($) | — | — |
| Total cash fees ($) | 100,564 | 102,500 |
Performance Compensation
| Equity Award | Grant Date | RSUs (#) | Grant-Date Fair Value ($) | Vesting |
|---|---|---|---|---|
| Annual Director RSUs (FY 2024 program) | Sep 29, 2023 | 1,031 | 220,139 | Cliff vest on first anniversary |
| Annual Director RSUs (FY 2025 program) | Sep 27, 2024 | 1,281 | 220,316 | Cliff vest on first anniversary |
MTN does not use performance-conditioned equity for directors; annual RSUs vest time-based and align directors with shareholder outcomes through share price .
Other Directorships & Interlocks
| Company | Sector | Potential Interlock/Conflict |
|---|---|---|
| Allegiant Travel Company (past) | Airlines | No disclosed ongoing transactions with MTN; no related party exposure reported |
Expertise & Qualifications
- Finance and operating leadership across leisure/gaming (MGM, Echo) and travel (Allegiant); audit financial expert designation supporting oversight of reporting and internal controls .
- International operating experience (Australia) broadens risk and compliance perspective for MTN’s multi-country footprint .
- Deep resort and entertainment operations background relevant to MTN’s guest-centric focus .
Equity Ownership
| Item | As of | Amount |
|---|---|---|
| Common stock beneficially owned (#) | Oct 8, 2024 | 22,573; less than 1% of shares outstanding |
| Unvested RSUs (#) | Jul 31, 2024 | 1,031 |
| Unvested RSUs (#) | Jul 31, 2025 | 1,281 (each director) |
| Director stock ownership guideline | FY 2024 | Greater of 5x cash retainer or $375,000 in value |
| Director stock ownership guideline | FY 2025 | Greater of 5x cash retainer or $425,000 in value |
| Hedging/Pledging | Policy | Prohibited for directors |
Governance Assessment
- Strengths: Independent Audit Committee member with “financial expert” designation; strong attendance; no related party transactions; director equity aligns interests; anti-hedging/pledging and director ownership guidelines (raised in 2025) support alignment .
- Pay structure: Director pay is standard—cash retainers and time-based RSUs; perquisites available but Mr. Redmond reported no personal-use perquisites in FY 2024 and FY 2025 (no incremental cost disclosure) .
- Refresh & independence signal: Not standing for reelection in 2025 supports Board refresh; Audit Committee composition remains fully independent; lead director structure provides oversight while CEO chairs the Board .
- Shareholder sentiment context: MTN’s say‑on‑pay support was ~98% at the Dec 5, 2024 meeting, indicating broad investor confidence in compensation governance (contextual to overall governance quality) .
RED FLAGS: None disclosed specific to Mr. Redmond—no pledging/hedging, no related party transactions, no attendance issues, no option repricings or tax gross‑ups tied to directors .