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9 Jun 2015 11:24
Cineworld Group plcManagement Changes
Cineworld Group plc ("Cineworld" or "the Group") announces the following management changes.
After three and a half years, CFO Philip Bowcock is leaving the business today to pursue other interests. During that time he was instrumental in the acquisition of Picturehouse and combination with Cinema City which saw the company become the second largest cinema operator in Europe and enter the FSTE 250. Deputy CEO Israel Greidinger, formerly CFO of Cinema City International before its combination with Cineworld in February 2014, will assume the responsibilities of CFO on an interim basis until a permanent successor has been appointed. A search for an appropriate candidate will begin immediately.
Fiona Smith, who joined the Company as In House Counsel in 2011, has been appointed as Company Secretary and General Counsel, with effect from 30 June 2015.
Tony Bloom, Chairman of Cineworld, said,
"I would like to thank Philip for his contribution as CFO of Cineworld and on the Group's Board. As leader of the finance function through a sustained period of strong growth he has played an important part in the development of Cineworld to become one of Europe's leading cinema groups, not least by playing a significant role in the combination with Cinema City and the subsequent integration of the two businesses. We wish him every success in his next challenge.
"I would also like to welcome Fiona Smith to the role of Company Secretary, and thank outgoing Company Secretary and General Counsel Richard Ray, who has helped guide Cineworld for seven years since its early years as a listed Company."
"Finally, the Company continues to trade in line with our expectations since the recent Trading Update."
For further information:
Bell Pottinger |
|
Elly Williamson | 020 3772 2573 |
Charlie Harrison | 020 3772 2579 |
About Cineworld Group plc
Cineworld Group plc was founded in 1995 and listed its shares on the London Stock Exchange in May 2007.
The company has grown organically and by acquisition to become one of the leading cinema Groups in Europe with the number one or number two position by number of screens in each of its regions. Cineworld currently operates 1,913 screens across 207 sites in the UK and Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel.
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