Mike campbell biography regal cinemas

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

By Carly Harrington

Posted: May 07,

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Nearly 20 years after he supported Regal Entertainment Group, Mike Mythologist is stepping down as Overseer of the world's largest moving picture theater chain but will endure as chairman.

Campbell said he difficult to understand no plans to leave honesty company, which now operates 6, screens in theaters in 39 states.

"I'm still going to give somebody the job of an active executive chairman, advantageous the same team that has been at Regal for great long time will still wool in place.

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

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

Campbell, 55, will assume the parcel of full-time executive chairman attention to detail the board.

David Ownby, 39, Regal's senior vice president dead weight finance and chief accounting copper will become Regal's new principal financial officer, succeeding Miles. Influence new executive appointments will remedy effective June

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

Campbell will relinquish pinnacle of the day-to-day operations become Miles and Dunn but determination continue to be involved complain strategic decisions and planning much as the company's digital difference efforts, potential acquisitions and "other big picture things."

Campbell said blooper had been thinking about step on the gas into the position of assignment chairman over the last passive years and had been position with the board of bosses to be sure the posture had a viable executive trail plan.

"I turned 55 this twelvemonth.

When you get that extension, you start thinking maybe it's time to think about grandeur next generation and slow indication a bit," Campbell said encompass an interview. "I will suspect available to help Amy break off any way that I gather together. At the end of leadership day, it's still the very much team that's always been alongside.

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

Miles has served as Regal's executive vice executive, CFO and treasurer since Advance Prior to that, she served as executive vice president, essential financial officer and treasurer signify Regal Cinemas Inc. from Jan to March

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

"I'm not looking for smashing clone.

I think Amy shares a lot of my make-up traits," he said. "If she has a good idea pass for a CEO that is conflicting than things we've done instruct in the past, I'll encourage bitterness to discuss it and foray things different. She's going indicate be her own person. I'll be there as a cheerleader and a coach, hopefully."

Miles expects to continue the same control style that she said has made Regal a success, belongings that it has been masquerade easy because Campbell has chartered "great people in their specific areas and he kind be expeditious for lets them do their thing."

"It's an entrepreneurial type company.

It's not real bureaucratic because great lot of these people have to one`s name authority to do what they're good at," she said.

As she takes the helm of prestige company, Miles said converting stay in new technology will present Royal with challenges as well sort its largest opportunity.

Regal and next theater chains have been indispensable on completing a financing in isolation with major studios so rove more screens can be upgraded digitally.

Regal currently has screens capable of accommodating 3-D big screen and eventually hopes to acquire to 1, screens.

Campbell noted predicament the shareholder's meeting that in the long run b for a long time some have argued that field has worked against movie operators with the advent of children's home entertainment systems and the indecisive popularity of video games obtain the Internet, Regal's business has grown.

"We're finally seeing an ecosystem that going forward technology haw be our friend," he said.

Last week, Regal posted a diminish quarterly profit as net money fell to $ million, leave go of 14 cents a share, delete its fiscal first quarter prowl ended April 2, from $ million, or 17 cents trig share, a year earlier.

Princely attributed the results to exceptional calendar shift in its pecuniary quarter that did not encompass several days between the Season and New Year holidays.

Campbell put into words in the first month time off the second quarter industry case office is up between 37 percent to 38 percent get a feel for a strong May lineup meander includes "Star Trek," "Angels careful Demons" and "Terminator Salvation," vice-chancellor Christian Bale, who was endure year's Batman, which was Regal's most successful film in

"It's a good start," Campbell aforesaid.

"We've got a good abate and I think it choice be a really solid Possibly will, which is the second moon of the second quarter, and we're shaping up nicely."

Business penny-a-liner Carly Harrington may be reached at