Toronto, ON – March 29, 2012 – IMAX Corporation (NYSE:IMAX; TSX:IMX) today announced the appointment of Mark Welton as President of IMAX Theatres, reporting directly to IMAX CEO Richard L. Gelfond. Welton most recently served as the Company’s Executive Vice President of Corporate and Digital Development & Theatre Operations.
In his new role, Welton will direct IMAX’s Theatre Sales and Operations worldwide, developing and executing strategies to further the Company’s growth and extend its leadership position in the entertainment technology industry. In addition, he will oversee IMAX’s technology efforts in projection technology and serve as the executive in charge of the Company’s Canadian headquarters in Mississauga, Ontario.
Welton joined IMAX in 1997 as Director of Business Affairs and has held several senior roles within the Company since, including Senior Vice President of Business Affairs; Senior Vice President, Theatre Operations; and Executive Vice President, Corporate and Digital Development & Theatre Operations. Recently, Welton led the successful development of the IMAX’s revenue share business model and digital transition, which has accelerated the Company’s network growth. He also played an integral role in solidifying the Company’s partnership with its two largest North American exhibitors – AMC and Regal Cinemas.
“Mark has a proven track record of achievement within IMAX,” said IMAX CEO Richard L. Gelfond. “His in-depth knowledge of our business, coupled with his operational and industry expertise, has helped us expand our business in key markets. I look forward to continuing to work closely with Mark to accelerate our network expansion and build upon our positive marketplace momentum.”
Prior to joining the Company, Welton was an associate lawyer at the law firm Stikeman, Elliot and was a chartered accountant with Ernst & Young. He resides in the Toronto area with his wife and two children.
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