Deseret Management Corporation
 |
|
| Private | |
| Industry | Asset management company |
| Founded | 1966 |
| Founder | The Church of Jesus Christ of Latter-day Saints |
| Headquarters | Salt Lake City, Utah, USA |
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Key people
|
Keith B. McMullin (CEO/President) |
| Divisions |
Deseret Digital Media Deseret Media Companies KSL Broadcast Division |
| Subsidiaries |
Beneficial Financial Group Bonneville International Corp. Deseret News Deseret Book Hawaii Reserves Temple Square Hospitality |
| Website | Deseret Management Corporation |
The Deseret Management Corporation (DMC) (
i/dɛz.əˈrɛt./) is a management and holding company of for-profit businesses owned by The Church of Jesus Christ of Latter-day Saints (LDS Church). It was established in 1966 by church president David O. McKay to hold already-existing church assets.
The following are DMC subsidiaries:
In April 2012, Keith B. McMullin was named to replace Mark Willes as CEO.
Deseret Management Corporation is the holding company which owns the tax-paying companies that fall under the umbrella of the LDS Church. DMC's Board of Directors is made up of the church's First Presidency, three rotating members of the Quorum of the Twelve, and the Presiding Bishopric.
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