Film theatre firm Cineplex Inc. says president and chief government Ellis Jacob will retire on the finish of subsequent 12 months.
Cineplex board chair Phyllis Yaffe praised Jacob for his work in constructing the corporate over the previous 4 a long time. The corporate mentioned Jacob will proceed to guide Cineplex within the interim and assist in the transition to new management.
“Ellis is, fairly merely, a large in our business,” Yaffe mentioned in a press launch.
“It has been a privilege to work alongside him for a few years and we sit up for working with him by means of this transition.”
Get breaking Nationwide information
For information impacting Canada and all over the world, join breaking information alerts delivered on to you after they occur.
Jacob was appointed president and chief government of Cineplex in 2003 when the Canadian property of Lowes Cineplex Leisure and Galaxy Leisure Inc. had been merged.
Earlier than his present function, Jacob was president and CEO of Galaxy Leisure, which he co-founded in 1999.
Cineplex has over 170 film theatres and leisure venues throughout Canada. The corporate has additionally future its RecRoom arcade and eating venues.
“After considerate consideration, I welcome this subsequent chapter. For many years, I’ve been centered on making Cineplex an awesome Canadian firm, and I transfer ahead with immense satisfaction in what we’ve constructed for generations of Canadian film followers who come to us for these magical moments of escape that may solely be present in a real theatre expertise,” Jacob mentioned in an announcement.
“I stay dedicated to working with the board and the proficient workforce at Cineplex throughout this transition interval and have unwavering confidence in Cineplex’s shiny future.”
RBC analyst Drew McReynolds mentioned Jacob “has been the visionary beating coronary heart of not solely Cineplex however the broader theatrical exhibition business for many years.”
“Whereas these sneakers are subsequent to inconceivable to fill, we count on the management transition at Cineplex to be seamless and imagine the transition timing is in keeping with what ought to be a full business restoration by 2026,” McReynolds mentioned in a be aware on Friday.
© 2025 The Canadian Press