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NY -- Sports and entertainment talent and media company IMG Worldwide stated Wednesday that it is investors and board have all chosen Michael Dolan as new chairman and Boss, following a dying of Ted Forstmann.our editor recommendsIMG Worldwide Boss Ted Forstmann DiesIMG Worldwide Demands Insurance companies Get Price Of Fighting Ex-Sports athletes In Gaming Lawsuit He was Forstmann's handpicked successor. The organization also stated that it'll not explore any deals, quarrelling that "the utmost worth of the organization can best be accomplished like a stand alone company." Dolan became a member of IMG at the begining of 2010 as executive vice president and CFO. In April 2011, Forstmann hired Dolan towards the posts of leader and COO to guide day-to-day procedures. "In the last 2 yrs we now have created a proper arrange for the organization that's effective and it has already commenced to create significant sustainable results," stated Dolan. "We're devoted to growing the company to increase the worthiness for the investors." Before visiting IMG, Dolan was executive vice president and CFO of Viacom, where he brought the separation of Viacom and CBS Corp. and assisted obtain the new Viacom its start. Before that, Dolan went advertising firm Youthful & Rubicam as chairman and Boss. He'd began his career at the organization as executive vice president and CFO and done its IPO in 1998. Dolan is another former chairman and Boss of Snack Endeavors Europe, a partnership of General Mills and Pepsi Meals Worldwide and offered like a partner within the strategy practice of management working as a consultant Booz Allen & Hamilton. Younger crowd serves around the boards toy giant Mattel and Bacardi. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects