Latest news with #EllisJacob
Global News
2 days ago
- Business
- Global News
Cineplex's CEO set to retire at end of 2026
Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company over the past four decades. The company said Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. 'Ellis is, quite simply, a giant in our industry,' Yaffe said in a press release. 'It has been a privilege to work alongside him for many years and we look forward to working with him through this transition.' Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Story continues below advertisement Cineplex has over 170 movie theatres and entertainment venues across Canada. The company has also long run its RecRoom arcade and dining venues. 'After thoughtful consideration, I welcome this next chapter. For decades, I have been focused on making Cineplex a great Canadian company, and I move forward with immense pride in what we've built for generations of Canadian movie fans who come to us for those magical moments of escape that can only be found in a true theatre experience,' Jacob said in a statement. 'I remain committed to working with the board and the talented team at Cineplex during this transition period and have unwavering confidence in Cineplex's bright future.' RBC analyst Drew McReynolds said Jacob 'has been the visionary beating heart of not only Cineplex but the broader theatrical exhibition industry for decades.' 'While these shoes are next to impossible to fill, we expect the leadership transition at Cineplex to be seamless and believe the transition timing is consistent with what should be a full industry recovery by 2026,' McReynolds said in a note on Friday.
CTV News
2 days ago
- Business
- CTV News
Cineplex says CEO Ellis Jacob to retire at the end of 2026
Ellis Jacob, president and chief executive of Cineplex Entertainment, poses for a photograph after the company's annual general meeting in Toronto on Wednesday, May 17, 2017. THE CANADIAN PRESS/Nathan Denette TORONTO — TORONTO — Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX) The Canadian Press
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Cineplex says CEO Ellis Jacob to retire at the end of 2026
TORONTO - Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX)
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
Cineplex says CEO Ellis Jacob to retire at the end of 2026
TORONTO – Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX)
Yahoo
2 days ago
- Business
- Yahoo
Cineplex says CEO Ellis Jacob to retire at the end of 2026
TORONTO — Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX) The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
