Vail Resorts Appoints Thomas D. Hyde and Richard D. Kincaid to Company's Board of Directors

Jun 22, 2006, 01:00 ET from Vail Resorts

    AVON, Colo., June 22 /PRNewswire-FirstCall/ -- Vail Resorts (NYSE:   MTN)
 today announced the appointment of Thomas D. Hyde and Richard D. Kincaid to
 the Company's Board of Directors. Mr. Hyde will serve on the audit
 committee and Mr. Kincaid will serve on the compensation committee. Both
 appointments are effective immediately.
     Mr. Hyde is executive vice president and corporate secretary of
 Wal-Mart Stores, Inc. ("Wal-Mart") overseeing Wal-Mart's legal, corporate
 responsibility, government and public relations, global security, aviation,
 and travel departments. He has been with Wal-Mart since 2001. Prior to
 Wal-Mart, he served as senior vice president and general counsel of
 Raytheon Company since 1992.
     Mr. Richard D. Kincaid is president, chief executive officer and a
 trustee of Chicago-based Equity Office Properties Trust ("Equity Office"),
 the nation's largest office building owner and manager as well as the
 largest real estate investment trust in the United States. Mr. Kincaid has
 been president of Equity Office since 2002 and chief executive officer
 since 2003. From 1997-2002, Mr. Kincaid was executive vice president and
 chief financial officer of Equity Office. Mr. Kincaid also is a director of
 Rayonier Inc., a global supplier of timber, performance fibers and wood
     Vail Resorts Chief Executive Officer Rob Katz commented, "I'm delighted
 that Thomas Hyde and Richard Kincaid have agreed to serve on Vail Resorts'
 Board of Directors. We are fortunate to have two individuals with such
 distinguished backgrounds join the other accomplished members of our board.
 I know that their experience and business acumen will serve both our
 Company and our shareholders well in the future."
     In addition to the newly appointed directors, Mr. Hyde and Mr. Kincaid,
 the Vail Resorts Board of Directors also includes Chairman Joe R.
 Micheletto, vice chairman of Ralcorp Holdings, Inc.; John J. Hannan,
 founding partner of Apollo Management, L.P.; Roland A. Hernandez, founding
 principal and chief executive officer of Hernandez Media Ventures; John F.
 Sorte, president of Morgan, Joseph & Co.; William P. Stiritz, chairman of
 the board of Ralcorp Holdings, Inc.; and Rob Katz, chief executive officer
 of Vail Resorts.
     About Vail Resorts
     Vail Resorts, Inc. is the leading mountain resort operator in the
 United States. The Company's subsidiaries operate the mountain resorts of
 Vail, Beaver Creek, Breckenridge and Keystone in Colorado, Heavenly in
 California and Nevada, and the Grand Teton Lodge Company in Jackson Hole,
 Wyo. The Company's subsidiary, RockResorts, a luxury resort hotel company,
 manages casually elegant properties across the United States. Vail Resorts
 Development Company is the real estate planning, development and
 construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly
 held company traded on the New York Stock Exchange (NYSE:   MTN). The Vail
 Resorts company website is and consumer website is

SOURCE Vail Resorts