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DENNIS STANFILL IS APPOINTED SENIOR ADVISOR TO CREDIT LYONNAIS GROUP

 NEW YORK, June 1 /PRNewswire/ -- Credit Lyonnais S.A. said today that Dennis Stanfill has accepted appointment as senior advisor to the Credit Lyonnais Group with respect to the management of the bank's entertainment and cinema assets effective immediately. As a result, he will cease to act as co-chairman of the board and co-chief executive officer of MGM.
 Franois Gille, Directeur General of Credit Lyonnais, said, "We wish to thank Dennis Stanfill for his efforts in stabilizing and redirecting MGM and look forward to continuing to receive his advice and counsel in his new role as senior advisor to the Credit Lyonnais Group."
 Stanfill said, "I am pleased to take on this new role with Credit Lyonnais. We have worked effectively together in the stabilization of MGM. Much progress has been made toward the company's recovery. I hope to be able to contribute more in the future by advising the bank, where needed, on its entertainment and cinema assets.
 -0- 6/1/93
 /CONTACT: Fredric Spar or Dawn Dover of Kekst and Company, 212-593-2655, for Credit Lyonnais S.A./


CO: Credit Lyonnais S.A. ST: IN: FIN SU: PER

WB -- NY093 -- 4128 06/01/93 16:50 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
Words:198
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