- Former Regal Cinemas CFO David Ownby is the leading candidate to replace Mooky Greidinger as CEO of Cineworld.
- A management shake-up would mean Greidinger would be forced to relinquish control of the third-generation family business.
- The Greidinger family's stake in Cineworld is likely to be wiped out along with other shareholders and unsecured creditors when the bankruptcy process is completed.
- Whoever leads Cineworld out of bankruptcy faces a daunting set of challenges, including boosting ticket sales and halting an exodus of movie-goers to streaming platforms.
- Cineworld is expected to emerge from Chapter 11 bankruptcy proceedings within the first half of the year.
Financial Times — Companies — Cineworld Management Shake-up — Bankruptcy — Cineworld Group Plc — Oliver Barnes
Cineworld lenders prepare to oust CEO in management shake-up
Cineworld's lenders are plotting a major management shake-up, with former Regal Cinemas CFO David Ownby as the leading candidate to replace Mooky Greidinger as CEO.