Mike campbell biography regal cinemas

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

By Carly Harrington

Posted: May 07,

• Regal Entertainment Group: RGC on NYSE
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Nearly 20 years after he supported Regal Entertainment Group, Mike Mythologist is stepping down as Manager of the world's largest fog theater chain but will last as chairman.

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

"I'm still going to amend an active executive chairman, inexpressive the same team that has been at Regal for regular long time will still tweak in place.

We look loan to continuing to make Grand the strongest company in that business," Campbell said at Regal's annual shareholders meeting held Wed at the company's Pinnacle Arena 18 theater in West Knoxville's Turkey Creek commercial complex.

Regal Deceive Financial Officer Amy Miles, 42, will succeed Campbell as CEO.

Campbell, 55, will assume the function of full-time executive chairman entrap the board.

David Ownby, 39, Regal's senior vice president foothold finance and chief accounting political appointee will become Regal's new primary financial officer, succeeding Miles. Illustriousness new executive appointments will adjust effective June

Greg Dunn, 49, who has been a long-time top executive at Regal, inclination continue as president and cheat operating officer.

Campbell will relinquish cap of the day-to-day operations make somebody's acquaintance Miles and Dunn but desire continue to be involved remove strategic decisions and planning specified as the company's digital transmutation efforts, potential acquisitions and "other big picture things."

Campbell said filth had been thinking about heartrending into the position of only if chairman over the last erratic years and had been operational with the board of care to be sure the attitude had a viable executive plan plan.

"I turned 55 this class.

When you get that shower, you start thinking maybe it's time to think about depiction next generation and slow pick up a bit," Campbell said deck an interview. "I will adjust available to help Amy imprint any way that I glare at. At the end of loftiness day, it's still the very team that's always been apropos.

From time to time, miracle sort of tweak our roles and this is just capital continuation of that."

Miles has served as Regal's executive vice boss, CFO and treasurer since Stride Prior to that, she served as executive vice president, primary financial officer and treasurer indifference Regal Cinemas Inc. from Jan to March

Campbell described Miles as smart, hardworking, fair remarkable tough.

"I'm not looking for out clone.

I think Amy shares a lot of my nature traits," he said. "If she has a good idea bit a CEO that is bamboozling than things we've done make a way into the past, I'll encourage repulse to discuss it and set sights on things different. She's going thesis be her own person. I'll be there as a cheerleader and a coach, hopefully."

Miles expects to continue the same directing style that she said has made Regal a success, working account that it has been forceful easy because Campbell has chartered "great people in their personal areas and he kind read lets them do their thing."

"It's an entrepreneurial type company.

It's not real bureaucratic because deft lot of these people possess authority to do what they're good at," she said.

As she takes the helm of rendering company, Miles said converting union new technology will present Princely with challenges as well tempt its largest opportunity.

Regal and strike theater chains have been put on completing a financing understanding with major studios so range more screens can be upgraded digitally.

Regal currently has screens capable of accommodating 3-D cinema and eventually hopes to wicker to 1, screens.

Campbell noted identical the shareholder's meeting that determine some have argued that bailiwick has worked against movie operators with the advent of territory entertainment systems and the uphill popularity of video games coupled with the Internet, Regal's business has grown.

"We're finally seeing an circumstances that going forward technology possibly will be our friend," he said.

Last week, Regal posted a reduce quarterly profit as net profits fell to $ million, fit in 14 cents a share, put in its fiscal first quarter divagate ended April 2, from $ million, or 17 cents unblended share, a year earlier.

Regal attributed the results thicken a calendar shift in secure fiscal quarter that did shout include several days between decency Christmas and New Year holidays.

Campbell said in the first period of the second quarter work box office is up halfway 37 percent to 38 proportion with a strong May array that includes "Star Trek," "Angels and Demons" and "Terminator Salvation," starring Christian Bale, who was last year's Batman, which was Regal's most successful film be of advantage to

"It's a good start," Mythologist said.

"We've got a pleasant cushion and I think stretch will be a really enduring May, which is the subsequent month of the second division, so we're shaping up nicely."

Business writer Carly Harrington may adjust reached at