– UK, London – Cineworld Group plc confirms the following changes to its Board which have taken effect post completion of the combination of the Company with the cinema operations of Global City Holdings N.V. (formerly Cinema City International N.V.) (“GCH”) (the “Combination”):
- Stephen Wiener has stepped down as Chief Executive Officer and as a director of the Board. He will remain an employee of the Company until 31 March 2014.
- Mooky Greidinger has replaced Stephen Wiener as Chief Executive Officer and has been appointed as an Executive Director of the Company. He has stepped down from his previous role as Chief Executive Officer of GCH and now holds a non-executive role at GCH.
- Israel Greidinger has been appointed as Chief Operating Officer and an Executive Director of the Company. He has stepped down from his previous role as Chief Financial Officer of GCH and now holds a non-executive role at GCH. Israel is also a director of Ronson Europe N.V.
- Scott Rosenblum has been appointed as a Non-Executive Director of the Company and will also serve as a member of the Company’s Nomination Committee. Scott has resigned from his previous role as supervisory director of GCH.
- Arni Samuelsson has been appointed as a Non-Executive Director of the Company and will also serve as a member of the Company’s Nomination Committee.
Following completion of the Combination, the composition of the Nomination, Remuneration and Audit Committees of the Board is as follows:
Nomination Committee
- Eric (Rick) Senat (Chair)
- Scott Rosenblum
- Arni Samuelsson
Remuneration Committee
- Peter Williams (Chair)
- David Maloney
- Martina King
Audit Committee
- David Maloney (Chair)
- Peter Williams
- Martina King
The composition of each of these Committees is in accordance with the UK Corporate Governance Code.
Cineworld Chairman Anthony Bloom said: “With these changes the next chapter begins for Cineworld. I would like to thank Steve once more on behalf of the board for creating this business and leading it to become the UK’s number one cinema chain. Steve is a visionary and Cineworld and its shareholders are extremely grateful for his efforts over the years. It is fitting that acknowledged leaders in the European cinema industry are now joining the Board as executives and I welcome Mooky and Israel warmly in anticipation of the expertise they will bring.”
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