{"id":67347,"date":"2015-12-15T21:41:01","date_gmt":"2015-12-16T02:41:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=67347"},"modified":"2015-12-15T21:41:01","modified_gmt":"2015-12-16T02:41:01","slug":"amc-theatre-chain-names-starwood-interim-boss-aron-as-new-ceo-starting-in-early-january","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/12\/15\/amc-theatre-chain-names-starwood-interim-boss-aron-as-new-ceo-starting-in-early-january\/","title":{"rendered":"AMC theatre chain names Starwood interim boss Aron as new CEO starting in early January"},"content":{"rendered":"
\"AMC<\/a>
AMC Entertainment Holdings Inc. CEO Adam Aron (Twitter photo)<\/figcaption><\/figure>\n

LOS ANGELES \u2013 Theater chain AMC Entertainment Holdings Inc. is naming Starwood Hotels and Resorts\u2019 interim CEO Adam Aron as its new chief executive, replacing interim CEO Craig Ramsey. Aron starts Jan. 4.<\/p>\n

Aron, 61, headed Starwood as interim boss since February. He is also the former CEO of the Philadelphia 76ers and has been chief executive of Vail Resorts Inc. and Norwegian Cruise Line Ltd.<\/p>\n

Ramsey will remain chief financial officer and report to Aron.<\/p>\n

Leawood, Kansas-based AMC, the nation\u2019s second largest movie theatre chain, has been publicly traded since December 2013. It is controlled by Chinese theatre giant Dalian Wanda Group Co. Ltd., which bought it in September 2012 in a $2.6 billion deal.<\/p>\n

Shares in AMC rose $1.22, or 5.3 per cent, to close Tuesday at $24.13.<\/p>\n

Aron said in a statement he\u2019ll aim to \u201craise the bar\u201d on the movie-going experience and bolster its AMC Stubs rewards program. He said in an interview that he has successfully invested in loyalty programs throughout his career in the hospitality business, and he\u2019d look to refresh AMC\u2019s presence on social media platforms.<\/p>\n

\u201cI\u2019d like to reach out to people interested in motion pictures long before they come to our theatres and after they leave,\u201d he said in a joint interview with Ramsey.<\/p>\n

AMC is the largest exhibitor using Imax\u2019s giant screens in the U.S. and parent Wanda is the biggest Imax distributor in China. Their combined presence makes Imax deployment more profitable than if they operated separately, Ramsey said. Aron said the companies\u2019 combined size makes technology upgrades more efficient.<\/p>\n

The executives also said they\u2019d look to bring upscale amenities such as plush reclining chairs, full bars and expanded food options to more markets, including theatres owned by Starplex Cinemas, a 33-theatre chain that AMC agreed to acquire for $172 million in July. That deal is expected to close before the end of the year.<\/p>\n

The Justice Department said Tuesday it reached a settlement with AMC and Starplex that calls for them to divest theatres in Berlin, Connecticut, and East Windsor, New Jersey, in order for the deal to be completed.<\/p>\n","protected":false},"excerpt":{"rendered":"

LOS ANGELES \u2013 Theater chain AMC Entertainment Holdings Inc. is naming Starwood Hotels and Resorts\u2019 interim CEO Adam Aron as …<\/p>\n","protected":false},"author":33,"featured_media":67348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1080],"class_list":["post-67347","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ap","mauthors-the-associated-press"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=67347"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/67347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/67348"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=67347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=67347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=67347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}