Cinemex boss Davila steps down


GUADALAJARA, Mexico -- AMC Entertainment-owned theater chain Cinemex on Monday said that co-founder and chief executive Miguel Angel Davila is exiting the company to pursue other business interests.

Davila co-founded Cinemex in 1995 with two former Harvard classmates. Together, they played a crucial role in transforming Mexico's exhibition industry. Today, with 488 screens in five Mexican cities, including densely populated Mexico City, Cinemex is one of the nation's leading theater circuits.

Alma Rosa Garcia, who currently oversees Cinemex's programming and strategic planning, will replace Davila as chief executive in May.