Deseret Management Corporation


The Deseret Management Corporation is a management and holding company of for-profit businesses owned by The Church of Jesus Christ of Latter-day Saints. It was established in 1966 by church president David O. McKay to hold already-existing church assets.

Subsidiaries

The following are DMC subsidiaries:
In April 2012, Keith B. McMullin was named to replace Mark Willes as CEO.

Relation to LDS Church

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.