July 22, 2015 – Leawood, KS-headquartered AMC Theatres has retained Spencer Stuart to lead its search for a new chief executive officer.
Gerry Lopez will step down as president and CEO and as a member of the board of directors, effective April 6, 2015, to pursue another opportunity. The board has appointed Craig R. Ramsey, AMC’s chief financial officer, as interim president and CEO, to ensure a smooth transition. Spencer Stuart will work with AMC’s search committee, which is chaired by AMC audit committee chairman Lloyd Hill, and includes AMC governance & nominating committee chairman Anthony Saich and directors Howard Koch Jr. and Kathleen Pawlus.
“AMC’s future is on very solid ground thanks in great part to Gerry’s vision and passion,” said Mr. Ramsey. “I look forward to continuing to execute our strategy and facilitating a seamless transition as the Board conducts its search.”
AMC Theatres is an American movie theater chain owned and operated by AMC Entertainment Inc., which is itself owned by AMC Entertainment Holdings, Inc., a majority-owned subsidiary of Chinese conglomerate Dalian Wanda Group. Founded in 1920, AMC has 347 locations and 4,972 screens located primarily in the United States.
Since 2009, Spencer Stuart’s CEO practice has conducted nearly 1,500 CEO search and succession assignments globally. Currently, the firm is leading CEO searches for social-media company Twitter, retail giant Abercrombie & Fitch and Angie’s List, a U.S.-based, paid subscription supported website containing crowd-sourced reviews of local businesses. The firm operates 56 offices in 30 countries.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media