AURORA, ON, July 7 /PRNewswire-FirstCall/ -- MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) announced today that Mr. Doug R. Tatters, Executive Vice-President and Chief Financial Officer, has resigned from his position at MID. MID is currently in the process of identifying and interviewing qualified candidates with a view to naming a successor for Mr. Tatters in the near future. In the interim period, Mr. John Simonetti, MID's Chief Executive Officer, will also assume the role of Chief Financial Officer.
About MID
MID is a real estate operating company focusing primarily on the ownership, leasing, management, acquisition and development of a predominantly industrial rental portfolio for Magna International Inc. and its subsidiaries. MID also holds a controlling investment in Magna Entertainment Corp., North America's number one owner and operator of horse racetracks, based on revenue, and among the world's leading suppliers, via simulcasting, of live horse racing content to the growing inter-track, off-track and account wagering markets.
