Cinemark Founder Lee Roy Mitchell to Step Down From Board After 40 Years
thewrap.comShowBiz Cinemas — which features bowling and movies under the same roof — before selling his interest in the company in December 2021.
The younger Mitchell also served on multiple boards, including as former chairman for Variety the Children’s Charity of Texas, as an advisory board member for the National Association of Theatre Owners and Will Rogers Motion Picture Pioneers Foundation, as well as a board member for Chuck Norris’ Kickstart Kids.“Tandy and I founded Cinemark nearly 40 years ago and could not be more proud of the company it is today,” the elder Mitchell said. “Our strategic vision was to build a leading global cinema circuit, and I am humbled to have worked alongside such an incredible leadership team and Board to execute upon that vision.” He further noted that his successor on the board was “a natural successor given his considerable industry knowledge and experience gleaned over the past three decades.
I am confident that Cinemark will continue to lead the industry and succeed in progressing their strategic priorities under the strong leadership of the management team and board.”“Lee Roy has been highly influential over the years, not only on Cinemark, but the entire exhibition industry,” stated Cinemark Chairman Carlos Sepulveda. “His entrepreneurial spirit, fervor for theatrical moviegoing, and passion for people have helped differentiate the company and guide its strategic direction.
On behalf of the board and the entire Cinemark team, we are immensely grateful to Lee Roy for his leadership and tremendous value added over the years, and we will work diligently to continue to position the company he founded for long-term success.”.
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