The ex-CFO of Regal Cinemas is the leading candidate to replace Cineworld Group Plc CEO Mooky Greidinger as lenders of the ailing cinema chain plot a management shake-up following bankruptcy proceedings, the Financial Times reported on Friday.
March 31 - The ex-CFO of Regal Cinemas is the leading candidate to replace Cineworld Group Plc
CEO Mooky Greidinger as lenders of the ailing cinema chain plot a management shake-up following bankruptcy proceedings, the Financial Times reported on Friday. A potential management reshuffle would probably mean Greidinger, Cineworld's CEO since 2014, would be forced to relinquish control of his third-generation family business, the report said, citing several people close to the company's top management.
David Ownby was Regal's CFO for nine years until 2018 when the company was bought by Cineworld. He has been serving as an adviser to Cineworld's highest priority creditors, which are steering the bankruptcy process, the report said.world's second biggest cinema chain, had said in February it may emerge from Chapter 11 bankruptcy protection in the first half of this year.Our Standards:
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