Vue puts Crozier in the pic­ture

Yorkshire Post - Business - - FRONT PAGE -

HIRED:

Cinema chain Vue has ap­pointed for­mer ITV boss Adam Crozier as chair­man. Vue is owned by Cana­dian in­vestors Omers and Al­berta In­vest­ment Man­age­ment Cor­po­ra­tion and it is thought that Mr Crozier’s ap­point­ment could pave the way for a po­ten­tial sale or ini­tial pub­lic of­fer­ing.

CINEMA CHAIN Vue has ap­pointed for­mer ITV boss Adam Crozier as chair­man as spec­u­la­tion mounts that the group is head­ing for a stock mar­ket flota­tion or pos­si­ble sale.

Mr Crozier, who stepped down from ITV in June, will join Vue with im­me­di­ate ef­fect.

Vue is owned by Cana­dian in­vestors Omers and Al­berta In­vest­ment Man­age­ment Cor­po­ra­tion and it is thought that Mr Crozier’s ap­point­ment could pave the way for a po­ten­tial sale or ini­tial pub­lic of­fer­ing.

As well as head­ing up ITV, he has been chief ex­ec­u­tive of Royal Mail, the Foot­ball As­so­ci­a­tion and Saatchi and Saatchi.

The Cana­dian duo bought Vue for £935m in 2013 from Doughty Han­son, but it is thought that any deal to­day would value the chain at over £1.5bn.

Mr Crozier said: “I have watched the de­vel­op­ment and growth of Vue In­ter­na­tional with great in­ter­est and am ex­cited to be join­ing the group to play an ac­tive role in fur­ther­ing their fu­ture am­bi­tions.

“They are uniquely po­si­tioned to en­ter­tain con­sumers, pi­o­neer­ing in the ex­hi­bi­tion space and push­ing for the best ex­pe­ri­ence pos­si­ble.”

Vue op­er­ates in 10 coun­tries across 212 sites.

Tim Richards, Vue founder and chief ex­ec­u­tive, said: “Adam is one of the most highly re­spected pro­fes­sion­als in the UK with ex­ten­sive ex­pe­ri­ence across mul­ti­ple in­dus­tries.

“We look for­ward to ben­e­fit­ing from his in­valu­able per­spec­tive and in­sight to sup­port our strat­egy and vi­sion.”

ITV an­nounced that easy­Jet boss Carolyn McCall is to join the firm as the broad­caster’s first ever fe­male chief ex­ec­u­tive in Jan­uary.

Prior to that she was chief ex­ec­u­tive of Guardian Me­dia Group (GMG).

Ms McCall has headed up the low-cost air­line since 2010, but she leaves the low-cost car­rier at a dif­fi­cult time for the sec­tor in Bri­tain, with Brexit storm clouds gath­er­ing over the travel in­dus­try.

ADAM CROZIER:

‘I have watched the de­vel­op­ment of Vue In­ter­na­tional with great in­ter­est.’

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.