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NY -- Sports and entertainment talent and media company IMG Worldwide mentioned Wednesday that it's traders and board have selected Michael Dolan as new chairman and Boss, carrying out a dying of Ted Forstmann.our editor recommendsIMG Worldwide Boss Ted Forstmann DiesIMG Worldwide Demands Insurance providers Get Cost Of Fighting Ex-Sports sports athletes In Gaming Suit He was Forstmann's handpicked successor. The business also mentioned that it's going to not explore any deals, fighting that "the most price of the business can best be accomplished just like a standalone company." Dolan grew to become part of IMG noisy . 2010 as executive v . p . and CFO. In April 2011, Forstmann hired Dolan for the posts of leader and COO to steer day-to-day methods. "Within the last couple of years we've produced an effective request the business that's effective and contains already commenced to produce significant sustainable results," mentioned Dolan. "We are dedicated to growing the organization to improve the worth for that traders." Before going to IMG, Dolan was executive v . p . and CFO of Viacom, where he introduced the separation of Viacom and CBS Corp. and aided have the new Viacom its start. Before that, Dolan went advertising firm Youthful & Rubicam as chairman and Boss. He'd started his career in the organization as executive v . p . and CFO and done its IPO in 1998. Dolan is yet another former chairman and Boss of Snack Endeavors Europe, a partnership of General Mills and Pepsi Foods Worldwide and offered just like a partner inside the strategy practice of management becoming a consultant Booz Allen & Hamilton. More youthful crowd serves round the boards toy giant Mattel and Bacardi. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects