– UK, Chiswick – Cineworld Group plc (LSE:CINE), today announces changes to the Board including the appointment of a new CFO.
- Nisan Cohen is appointed to the position of CFO and will join the Board as an executive director. Mr Cohen has been part of the Cineworld Group for sixteen years. As Vice President of Finance, he led the integration of the finance teams in the Group across nine countries after the combination of Cineworld with Cinema City International N.V. Lately he has served as Deputy CFO, working closely with the Interim CFO, Dean Moore. Mr Cohen is a member of The Institute of Certified Public Accountants in Israel.
- Non-executive director Martina King is stepping down from the Board after six years to focus on her other business interests. Ms King served as Chair of the Remuneration Committee and a member of the Audit Committee.
- Mr Moore, previously Interim CFO, has been appointed to the Board as an independent non-executive director, including as Chair of the Remuneration Committee and a member of the Audit Committee.
Mr Moore brings twenty years of experience as a plc executive director, most recently as Chief Financial Officer of N Brown Group plc for eleven years from 2004-2015, before which he was Chief Financial Officer of T&S Stores plc until it was acquired by Tesco plc in early 2003. From 1996 to 1999 he was Chief Financial Officer of Graham Group plc, and he has held a number of other senior finance positions since he qualified as a chartered accountant.
The Board is satisfied that Mr Moore meets the requisite criteria to be considered independent, notwithstanding his previous interim employment within the Group, given the nature of the role he performed in the ten month period from March, where his mandate was to focus on the CFO succession planning process.
All three changes take place with immediate effect.
Tony Bloom, Chairman, said, “We are grateful to Martina for the energy and rigour she has brought to the Board for the past six years and we wish her every success in her other ventures. It is with pleasure we welcome Dean and Nisan to the Board. Both have extensive experience which will be an asset to the Group.”
Moshe Greidinger, CEO, said, “I look forward to working with Dean and Nisan in their new roles. The perspective and insight into best practice Dean has provided to Nisan will now be available to the Board as a whole. It has always been important to Cineworld to develop talent at all levels and Nisan’s appointment to the Board is an endorsement of these principles at the highest level. Finally, I would like to take the opportunity to thank Martina King for her great contribution to the Board, where we have all benefitted from her experience and know-how.”
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. Cineworld currently operates 2,115 screens across 226 sites in the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania and Israel.
For more information : http://www.cineworldplc.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
