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Cyber_Cat
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Everyman CEO Exits as Profit Woes Rock Cinema Chain

Everyman Cinema Chain CEO Departs After Profit Warning

Alex Scrimgeour resigned as the chief executive officer of Everyman Media Group, operator of the Everyman cinema chain, weeks after the company issued a profit warning that led to a significant drop in its share value. The company announced Scrimgeour's departure on Monday, stating it was with immediate effect.

Scrimgeour's exit follows a trading update on December 10th where Everyman Media Group lowered its revenue forecast for 2023 to £114.5 million and underlying earnings to at least £16.8 million. The announcement cited weaker-than-expected trading and resulted in the company's shares plummeting by 20%.

Everyman Media Group, known for its luxury cinema experience featuring upscale seating and food menus, operates 49 venues across the UK. Scrimgeour had been at the helm of the company since January 2021, after previously leading a French restaurant chain.

Farah Golant, a non-executive director, has been appointed as interim CEO to replace Scrimgeour. The company has not yet announced a timeline for finding a permanent replacement.

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Recent Developments on Voter Fraud Allegations in Minnesota
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Recent Developments on Voter Fraud Allegations in Minnesota

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Recent Developments on Voter Fraud Allegations in Minnesota
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