14 Dec 2022 13:00
14 December 2022
CINEWORLD GROUP PLC
(the "Company or Cineworld")
Directorate Change
Cineworld announces that Damian Sanders will step down from the Board of Cineworld on 31 December 2022 in anticipation of pursuing a full time executive role with another company. Damian joined the Board as an independent Non-Executive Director in August 2020 and serves as Chair of the Audit Committee and is a member of the Nomination Committee. Following Damian's departure, the Board will include a Chair who was independent on appointment and four independent Non-Executive Directors. Cineworld believes that these individuals, together with other independent directors who have been appointed to the boards of various operating subsidiaries as part of the ongoing Chapter 11 process, will maintain appropriate independent governance and oversight.
Alicja Kornasiewicz, Chair of Cineworld, said: "Damian joined the Board at a particularly difficult time for the business, when many of our regions were enduring lengthy periods of lockdown and restrictions. We thank him for his valuable contribution to Cineworld and wish him all the best for the future."
Enquiries:
Scott Brooker
Company Secretary
Scott.brooker@cineworld.co.uk
LEI: 213800J2J3TOOI176M73