Cinemark, the No. 3 U.S. exhibitor, said CEO Mark Zoradi will retire at the end of 2021, staying on the board and handing top-exec reins to CFO and COO Sean Gamble. Zoradi, who had a lengthy run as…
Zoradi, who had a lengthy run as a Disney distribution exec before crossing over to the theater side, will stay on the company’s board until 2024. At that point, he will become eligible for election in the manner of all members of the board, who are selected at the company’s annual shareholder meeting.
An EVP and CFO at Universal Pictures before joining Cinemark, Gamble also held several exec posts at General Electric earlier in his career. Working with Zoradi, he has helped solidify Cinemark’s financials and putting it in a more advantageous position than debt-laden AMC or other circuits, which has helped it weather Covid-19.Watch on Deadline
Zoradi called Gamvke a “tremendous partner in overseeing Cinemark’s operational execution and strategic vision, as well as effectively navigating the prolonged effects of Covid-19.” Lee Roy Mitchell, Cinemark founder and executive chairman, said. “We are grateful for Mark and the significant impact he has made on our company, and our industry, during his tenure as CEO. Mark reinvigorated a culture of innovation and evolution in our company, challenging the teams’ line of thought and rationale, all while staying steady at the helm when our industry needed him most.
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