Cinemark chairman Lee Roy Mitchell announced that Alan Stock, who has served as CEO of the Plano-based movie theater company since December 2006, will be turning over the CEO position to Tim Warner. Stock will continue in an advisory role as consultant.
Mitchell said, “On behalf of the board and the company, I thank Alan for his many years of distinguished service to Cinemark and his unwavering dedication to and passion for improving quality and performance in every area of our organization. We are grateful for his vision and initiatives which have contributed significantly to our growth and success. On behalf of everyone at Cinemark, I wish him the very best and with Alan remaining part of the Cinemark team, I look forward to the continued benefit of his valuable counsel and expertise.”
Stock said, “Cinemark is the industry’s leading exhibitor, and I am proud to have contributed to the company’s growth during my 26-year tenure,” he said. “It is exciting to have been part of such a great organization and have facilitated its development from 51 screens that existed when I started to 5,096 screens today. I look forward to working with Tim and the management team to ensure that we effect a seamless transition and continued success for the company.”
AT A GLANCE
Mitchell profile on Forbes: http://people.forbes.com/profile/lee-roy-mitchell/19521
Stock profile on Forbes: http://people.forbes.com/profile/alan-w-stock/19522
Warner profile on Forbes: http://people.forbes.com/profile/timothy-warner/19523
Wall Street Journal
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The Collin County Business Press reported that before being promoted, Warner led the expansion into Latin America by Cinemark Holdings Inc. Follow more business stories on Collin County Business Press