Everyman Cinema Chief Executive Steps Down Weeks After Profit Warning

Trending 5 months ago

Alex Scrimgeour, leader of nan premium UK cinema usability Everyman Media Group, has stepped down. 

Scrimgeour’s departure was announced this greeting by nan company. He has been replaced connected an interim ground by non-executive head Farah Golant.

Scrimgeour leaves conscionable weeks aft nan institution issued a trading update to shareholders arsenic its shares plunged to grounds lows. The institution said astatine nan clip that Q4 container agency capacity had been weaker than expected. Shareholders were told nan institution now expected revenues of £114.5 cardinal for 2025, down from erstwhile forecasts of £121.5 million.

“We would for illustration to convey Alex for his committedness to Everyman passim his tenure,” Everyman president Philip Jacobson said successful a statement. 

“He has played a pivotal domiciled successful nan squad that successfully led nan business done its betterment from Covid, much than doubling gross and delivering important Ebitda (earnings earlier interest, tax, depreciation and amortisation) growth.”

Jacobson added: “Farah has extended acquisition crossed nan world creative, intermezo and media industries, and a way grounds of accelerating maturation and cultivating high-performance, results-oriented organisations.”

Everyman runs 49 venues crossed nan UK. The concatenation is known for its premium seating and extended nutrient menus. Scrimgeour joined nan institution successful January 2021 aft leaving French edifice concatenation Côte Brasserie. 

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Source deadline.com
deadline.com