Board of Directors

Rob A. Katz
Chairman of the Board of Directors and Chief Executive Officer, Vail Resorts, Inc.
Mr. Katz was named Chairman of the Board of Directors for Vail Resorts in March 2009, in addition to his position of Chief Executive Officer of Vail Resorts. Mr. Katz had originally been appointed a Director of the Company in June 1996 and was designated by the Board as Lead Director of the Company in June 2003. In February 2006, Mr. Katz was appointed Chief Executive Officer of Vail Resorts. Prior to joining Vail Resorts, Mr. Katz had been associated with Apollo Management L.P., a private securities and investment management firm, since 1990. Mr. Katz is a Director of the Vail Valley Foundation.

Roland A. Hernandez
Lead Director of the Vail Resorts Board of Directors and Founding Principal and Chief Executive Officer, Hernandez Media Ventures
Mr. Hernandez was appointed a director of the Company in December 2002. Mr. Hernandez is the founding principal and Chief Executive Officer of Hernandez Media Ventures, a privately held company engaged in the acquisition and management of media assets. Prior to forming that company, Mr. Hernandez was President, Chief Executive Officer and Chairman of the Board of Telemundo Group, Inc., a Spanish-language Television and entertainment company, from 1998 to 2000. From 1995 to 1998, Mr. Hernandez was President and Chief Executive Officer of Telemundo Group, Inc. From 1986 to 1994, Mr. Hernandez was President of the corporate general partner of Interspan Communications. Mr. Hernandez is a director of Ryland Group, Inc., MGM Mirage, Lehman Brothers Holdings, Inc. and Sony Corporation. He serves on the audit committee of Ryland Group, Inc. and as Chairman of the audit committee of MGM Mirage.

Thomas D. Hyde
Executive Vice President and Corporate Secretary
Wal-Mart Stores, Inc.
Mr. Hyde was appointed a director of the Company in June 2006. Mr. Hyde is Executive Vice President and Corporate Secretary of Wal-Mart Stores, Inc. ("Wal-Mart"). From June 2003 to June 2005, Mr. Hyde served as Executive Vice President, Legal and Corporate Affairs and Corporate Secretary of Wal-Mart and from July 2001 to June 2003, he served as Executive Vice President, Senior General Counsel of Wal-Mart. Prior to July 2001, he served as Senior Vice President and General Counsel of Raytheon Company since 1992.

Jeffrey W. Jones
Senior Executive Vice President and Chief Financial Officer
Vail Resorts, Inc.
Mr. Jones was appointed a director of the Company in June 2008. He was appointed Senior Executive Vice President and Chief Financial Officer in February 2006. Mr. Jones joined the Company in September 2003 and was appointed Senior Vice President and Chief Financial Officer of the Company in November 2003. From 1999 to 2003 Mr. Jones served as Executive Vice President and Chief Financial Officer of Clark Retail Enterprises, Inc. in Chicago, Illinois. From June 1998 to June 1999, Mr. Jones was Chief Financial Officer and Treasurer of Lids Corporation in Boston, Massachusetts. Mr. Jones is a member of the American Institute of Certified Public Accountants and a Director of the Denver Metro Chamber of Commerce.

Richard D. Kincaid
Former President and Chief Executive Officer
Equity Office Properties Trust
Mr. Kincaid was appointed a director of the Company in June 2006. Mr. Kincaid is the founder and President of the BeCause Foundation, a nonprofit corporation. Until March 2007, Mr. Kincaid was President, Chief Executive Officer and a trustee of Chicago-based Equity Office Properties Trust ("Equity Office"). Mr. Kincaid was President of Equity Office since 2002 and was named Chief Executive Officer in April 2003. From 1997 to 2002, Mr. Kincaid was Executive Vice President of Equity Office and was Chief Operating Officer from September 2001 until November 2002. He served as Chief Financial Officer of Equity Office from March 1997 until August 2002. Mr. Kincaid also is a director of Rayonier Inc., a global supplier of timber, performance fibers and wood products.

John T. Redmond
Former President and Chief Executive Officer
MGM Grand Resorts, LLC 
Mr. Redmond was appointed a Director of the Company in March 2008. Mr. Redmond was president and chief executive officer of MGM Grand Resorts from 2001-2007 and prior to this position, Mr. Redmond was co-chief executive officer of MGM Mirage in Las Vegas and also served as president and chief operating officer of The Primadonna Company and senior vice president of MGM Grand Development, Inc. Mr. Redmond worked at Caesars from 1985 to 1995 as senior vice president and chief financial officer of Caesars Palace and Sheraton Desert Inn; senior vice president of finance for Caesars World Gaming Development Corporation; and controller of Caesars Palace. He was the senior agent in the Nevada State Gaming Control Board's Audit Division from 1980 to 1985.

Hilary A. Schneider
Executive Vice President
Yahoo!
Ms. Schneider was appointed a director of the Company in March 2010. Ms. Schneider is executive vice president of Yahoo! Americas. From August 2007 to June 2008, Ms. Schneider served as Executive Vice President, Global Partner Solutions of Yahoo! and from September 2006 to August 2007, as Senior Vice President, Marketplaces of Yahoo!. Prior to joining Yahoo!, Ms. Schneider held several positions with Knight-Ridder where she served as Vice President of Knight Ridder and Chief Executive Officer of Knight Ridder Digital, a subsidiary of Knight Ridder, from April 2002 to January 2005 before moving to co-manage the company's overall newspaper and online business as Senior Vice President from January 2005 to June 2006. Prior to 2002, Ms. Schneider served as President and Chief Executive Officer of Red Herring Communications. She also held a number of roles at Times Mirror including president and Chief Executive Officer of Times Mirror Interactive and General Manager of the Baltimore Sun. Prior to her role at Times Mirror, Ms. Schneider was vice president of Corporate Finance at Drexel Burnham Lambert.

John F. Sorte
President and Chief Executive Officer
Morgan Joseph & Co. Inc.
Mr. Sorte was appointed a Director of the Company in January 1993. Mr. Sorte has been President and Chief Executive Officer of Morgan Joseph & Co. Inc., an investment banking firm, since June 2001. From March 1994 to June 2001, he served as President of New Street Advisors L.P. and from 1992 until 1994 as Chief Executive Officer of New Street Capital Corporation. Prior to that position, Mr. Sorte joined Drexel Burnham Lambert Inc as Managing Director in 1980 and served as Chief Executive Officer from 1990 through 1992. Mr. Sorte is also a director of WestPoint Stevens, Inc.

View Vail Resorts' Board of Directors Committee Composition.

Security holders or other interested persons may communicate with the Board of Directors or non-management directors by contacting our Chairman of the Board. To contact the Chairman of the Board: send a letter to Chairman of the Board, Vail Resorts, Inc., 390 Interlocken Crescent, Broomfield, CO 80021, Attention: Corporate Secretary; or send an e-mail (leaddirector@vailresorts.com). The Secretary will review each communication and will forward such communication to the Chairman of the Board unless the communication is unduly hostile, threatening, illegal or similarly inappropriate, or involves unsolicited commercial solicitations or communications or personal grievances or routine customer related complaints, in which case, the Secretary has the authority to discard the communication or take appropriate legal action regarding the communication. Certain of these filtered communications may be forwarded by the Secretary to other members of management. However, any such communication will be available to any non-management director who wishes to review it.