As previously announced, current non-executive chairman of the board, Lin Zhang, and Mao Jun (John) Zeng, both of Wanda, are stepping down as AMC directors following Wanda’s sale of most of its AMC shares during an eventful year where the exhibitor’s business and investor base were dramatically transformed by the global pandemic.
The giant theater chain is holding its annual shareholders’ meeting on July 29.
As CEO, “Aron has overseen the Company’s transformative growth into becoming the largest theatrical exhibitor in the United States, in Europe & the Middle East and in the world. His most recent focus has been on guiding AMC through the complexities of coronavirus pandemic. Aron has significant business and executive experience, having led as CEO five different companies in five different industries for more than 20 years. He has served continuously since 1988 on numerous corporate Boards,” said AMC in a statement.
Lader, a senior advisor to Morgan Stanley Institutional Securities. joined AMC’s board as an independent director in 2019.
He was the U.S. Ambassador to the Court of St. James’s, and served in President Clinton’s Cabinet as Administrator of the U.S. Small Business Administration, along with having been White House Deputy Chief of Staff, Assistant to the President, and Deputy Director of the Office of Management & Budget.
In business, he’s been chairman of WPP, executive VP of British financier Sir James Goldsmith’s U.S. holdings, and president of resort developer Sea Pines Company. He has served on the boards of Lloyds of London, Marathon Oil, AES, Songbird (Canary Wharf), and RAND Corporation.
AMC’s board now consists of: Aron and Lader, as well as Howard ‘Hawk’ Koch, Jr. – movie producer, principal at The Koch Company, former president of the Academy of Motion Picture Arts and Sciences; Gary Locke – trade consultant and owner of Locke Global Strategies; formerly served as governor of Washington state, U.S. Secretary of Commerce and U.S. Ambassador to the People’s Republic of China; Kathleen Pawlus – retired partner of Ernst and Young, former CFO and COO of its Global Assurance practice; Anthony Saich – director of the Ash Center for Democratic Governance and Innovation and Daewoo Professor of International Affairs at Harvard University’s Kennedy School of Government; Adam Sussman – president of Epic Games; former chief digital officer of Nike; and Lee Wittlinger – Managing Director of Silver Lake; formerly an investment banker at Goldman Sachs in its Technology, Media and Telecommunications Group.