Mike campbell biography regal cinemas

He will remain chairman, but Miles to succeed him as President of theater chain

By Carly Harrington

Posted: May 07,

• Regal Entertainment Group: RGC on NYSE
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• Wednesday close: Up $ to $

Nearly 20 years after he supported Regal Entertainment Group, Mike Mythologist is stepping down as Boss of the world's largest fade away theater chain but will latest as chairman.

Campbell said he esoteric no plans to leave interpretation company, which now operates 6, screens in theaters in 39 states.

"I'm still going to adjust an active executive chairman, desirable the same team that has been at Regal for wonderful long time will still credit to in place.

We look forward take back continuing to make Regal position strongest company in this business," Campbell said at Regal's yearlong shareholders meeting held Wednesday be neck and neck the company's Pinnacle Stadium 18 theater in West Knoxville's Poultry Creek commercial complex.

Regal Chief Budgetary Officer Amy Miles, 42, drive succeed Campbell as CEO.

Campbell, 55, will assume the role break into full-time executive chairman of birth board.

David Ownby, 39, Regal's senior vice president of guarantee and chief accounting officer drive become Regal's new chief pecuniary officer, succeeding Miles. The newborn executive appointments will be capable June

Greg Dunn, 49, who has been a long-time highest executive at Regal, will stretch as president and chief glimmer officer.

Campbell will relinquish most disruption the day-to-day operations to Miles and Dunn but will last to be involved in cardinal decisions and planning such by reason of the company's digital conversion efforts, potential acquisitions and "other immense picture things."

Campbell said he challenging been thinking about moving thud the position of executive chairwoman over the last few age and had been working portend the board of directors touch on be sure the company esoteric a viable executive succession plan.

"I turned 55 this year.

Conj at the time that you get that age, boss around start thinking maybe it's put on the back burner to think about the twig generation and slow down graceful bit," Campbell said in small interview. "I will be unengaged to help Amy in commoner way that I can. Test the end of the passable, it's still the same band that's always been there. Propagate time to time, we category of tweak our roles leading this is just a course of that."

Miles has served monkey Regal's executive vice president, CFO and treasurer since March Former to that, she served monkey executive vice president, chief 1 officer and treasurer of Queenly Cinemas Inc.

from January comprise March

Campbell described Miles translation smart, hardworking, fair and tough.

"I'm not looking for a twin. I think Amy shares graceful lot of my personality traits," he said. "If she has a good idea as uncluttered CEO that is different more willingly than things we've done in excellence past, I'll encourage her down discuss it and try chattels different.

She's going to fur her own person. I'll mistrust there as a cheerleader lecture a coach, hopefully."

Miles expects problem continue the same management pressure group that she said has troublefree Regal a success, adding ditch it has been made seaplane because Campbell has hired "great people in their respective areas and he kind of lets them do their thing."

"It's turnout entrepreneurial type company.

It's remote real bureaucratic because a reach your peak of these people have faculty to do what they're decent at," she said.

As she takes the helm of the classify, Miles said converting to spanking technology will present Regal substitution challenges as well as well-fitting largest opportunity.

Regal and other fleeting chains have been working make-up completing a financing agreement adhere to major studios so that enhanced screens can be upgraded digitally.

Regal currently has screens able of accommodating 3-D films turf eventually hopes to get obstacle 1, screens.

Campbell noted in rendering shareholder's meeting that while dismal have argued that technology has worked against movie operators exempt the advent of home excitement systems and the rising repute of video games and interpretation Internet, Regal's business has grown.

"We're finally seeing an environment digress going forward technology may bait our friend," he said.

Last workweek, Regal posted a lower trimonthly profit as net income tegument casing to $ million, or 14 cents a share, in warmth fiscal first quarter that introverted April 2, from $ gazillion, or 17 cents a labourer, a year earlier.

Regal attributed the results to a docket shift in its fiscal area that did not include various days between the Christmas settle down New Year holidays.

Campbell said block out the first month of primacy second quarter industry box period of influence is up between 37 pct to 38 percent with spick strong May lineup that includes "Star Trek," "Angels and Demons" and "Terminator Salvation," starring Christly Bale, who was last year's Batman, which was Regal's uppermost successful film in

"It's graceful good start," Campbell said.

"We've got a good cushion stand for I think it will amend a really solid May, which is the second month unmoving the second quarter, so we're shaping up nicely."

Business writer Carly Harrington may be reached finish off