Board changes

RNS Number : 0838T

Cineworld Group plc

22 March 2021

 

Cineworld Group plc ("Cineworld" or the "Company")

Board Appointment, new Senior Independent Director, and Committee Changes

Cineworld Group plc is pleased to announce the appointment of Dr. Ashley Steel, as an independent Non-Executive Director of the Company, with effect from 1 April 2021.  Ashley will also become a member of the Audit and Remuneration Committees on appointment.

Ashley is a former Vice Chair and member of the UK and European boards of KPMG, with significant international, financial and commercial experience. Having led the Global Transport, Leisure and Logistic practice at KPMG for 11 years, she developed a successful career advising FTSE and Fortune 500 boards on strategy.  

Since retiring from KPMG in 2014, Ashley has undertaken a number of non-executive roles in the transport, technology and media sectors.  Until February 2021, Ashley was a Non-Executive Director of GoCo Group plc.  She was previously a Non-Executive Director at the BBC, the Civil Aviation Authority, and Ince & Co LLP. Currently, Ashley is a Non-Executive Director and Chair of the Remuneration Committee at National Express Group plc. 

Ashley has a PhD in Management from Henley Business School.

The Company also announces some further changes to the structure of the Board and its Committees.  Eric (Rick) Senat, who has been a Non-Executive Director of the Company since 2010, and Senior Independent Director, will be stepping down from the Board at the conclusion of the Company's 2021 Annual General Meeting.  In light of Rick's pending departure, Dean Moore will take up the role of Senior Independent Director with immediate effect. 

A number of other changes have been made to the Board Committees and the resulting composition of each Committee is set out below, including the appointment of Damian Sanders as Audit Committee Chair.  All such changes will be effective 1 April 2021. 

	Chair	Member	Member	Member
Audit Committee	Damian Sanders	Dean Moore	Camela Galano	Ashley Steel
Nomination Committee	Alicja Kornasiewicz	Arni Samuelsson	Damian Sanders	Camela Galano
Remuneration Committee	Dean Moore	Camela Galano	Ashley Steel

Alicja Kornasiewicz, Chair of the Company and the Nomination Committee, said:

"On behalf of the Board, we look forward to welcoming Ashley as an independent Non-Executive Director.  We will greatly benefit from the wealth of experience that Ashley brings, especially in the key areas of business, risk, and remuneration.  Ashley will undoubtedly make a valuable contribution to our work as a Board.

I would also like to thank our long-standing and deeply respected outgoing Board member, Rick Senat.  Rick has made an exceptional contribution to the Company, having been involved since the time of its inception, and we are grateful for his commitment, dedication and invaluable guidance over the years.  We wish Rick every future success.

I believe Ashley's appointment, together with our updated Committee memberships, will assist the Board to move forward with an advantageous set of skills, experience, and capabilities which will provide strong support to the Executive Management Team."

No further disclosures are required in respect of Ashley Steel under rule 9.6.13 R of the Listing Rules of the UK Listing Authority.

LEI: 213800J2J3TOOI176M73

OAM: 3.1 (Additional regulated information required to be disclosed under the laws of a Member State)

 

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