Leawood, Kansas (February 17, 2016) – AMC Entertainment Holdings, Inc., one of the world’s leading theatrical exhibition companies and an industry leader in innovation and operational excellence, today announced the appointments of Gary Locke and Zeng Mao Jun (John Zeng) as directors of the Company, effective immediately.
Locke replaces Jian (Winston) Wang, who resigned from AMC’s board of directors to focus on other commitments at Wanda Group. Zeng replaces Jerry Ye, whose resignation was announced last week. The two appointments maintain the size of the Board at nine directors. Locke will be a member of AMC’s nominating and governance committee.
Locke is the former governor of Washington (1997-2005) and the first Asian-American governor on the mainland in U.S. history. Under Locke’s leadership, Washington State consistently ranked as one of the top five best managed states in America. He also strengthened economic relations with China and more than doubled the state’s exports to China. He later served as Secretary of Commerce of the United States (2009-11) and as U.S. Ambassador to China (2011-14). As U.S. Ambassador to China, he was the first person of Chinese-American heritage to occupy this seat. Locke graduated with a bachelor’s degree from Yale University and received his law degree from Boston University.
Zeng is President of Wanda Cinema Line Co., Ltd. and has served as a member of its Board of Directors since July 30, 2013. As of December 31, 2015, Wanda Cinemas operated 240 theatres with 2,133 screens in more than 110 cities across China. In 2015, Wanda Cinemas accounted for approximately 14 percent of Chinas’ market share in terms of box office revenue, ranking number one in the China market. Zeng holds an undergraduate degree and Master of Business Administration from Renmin University of China.
“Our majority shareholder Wanda is a vital component to AMC’s future success in theatrical exhibition,” said Adam Aron, CEO and President of AMC. “Gary’s background in business, government and building relationships between China and the U.S. will greatly help us to further our successes with the AMC-Wanda partnership. John’s position as President and a member of the Board of Directors of the largest movie theatre chain in China will foster the sharing of insights and opportunities across the two largest theatrical exhibition markets in the world.”
About AMC Entertainment Holdings, Inc.
AMC (NYSE:AMC) is the guest experience leader with 379 locations and 5,261 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the country’s top markets, including No. 1 market share in the top three markets (NY, LA, Chicago) http://www.amctheatres.com.