IN BRIEF: Everyman Chief Executive Alex Scrimgeour steps down
Everyman Media Group PLC - London-based premium cinema chain - Chief Executive Alex Scrimgeour steps down with immediate effect. The company appoints Farah Golant, currently non-executive director, as interim CEO. Everyman says it has kicked off an external search process for a successor. Earlier this month, it cut its earnings and revenue forecasts after UK box office performance was ‘weaker than anticipated’.
‘We would like to thank Alex for his commitment to Everyman throughout his tenure. He has played a pivotal role in the team that successfully led the business through its recovery from Covid, more than doubling revenue and delivering significant Ebitda growth. He has also built a strong and capable operational team,’ said Philip Jacobson, non-executive chair.
‘Farah has extensive experience across the global creative, entertainment, and media industries, and a track record of accelerating growth and cultivating high performance, results-oriented organisations. Working alongside our leadership group, she will continue to deliver exceptional customer experiences, focus on driving sustainable growth, and create long-term value for shareholders,’ Jacobson added.
Current stock price: 26.10 pence
12-month change: down 50%
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