European Exhibitor Vue Names Former ITV CEO Adam Crozier Chairman
"Further enriching the strength and experience of the board is part of our plan to grow our business internationally at a time when the industry is set for increased consolidation," says founder Tim Richards.
European cinema operator Vue International has named former ITV CEO Adam Crozier to the role of non-executive group chairman with immediate effect, the company said Wednesday.
Crozier served as CEO of ITV from 2010 until 2017 and led the transformation of the company into a more diversified entertainment group. Before that, he was CEO of Royal Mail Holdings (2003-2009), Britain's Football Association (2000-2002) and of advertising firm Saatchi and Saatchi (1995-1999).
"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," said Crozier. "They are uniquely positioned to entertain consumers, pioneering in the exhibition space and pushing for the best experience possible. The future of the out-of-home entertainment industry has never been more relevant, and I’m pleased to be joining the Vue team at such a moment."
Tim Richards, founder and CEO of Vue, said: "We are delighted that Adam is joining Vue International as chairman as we continue to pursue our strategic growth plans and identify further global expansion opportunities. Adam is one of the most highly respected professionals in the U.K. with extensive experience across multiple industries. We look forward to benefiting from his invaluable perspective and insight to support our strategy and vision. Further enriching the strength and experience of the board is part of our plan to grow our business internationally at a time when the industry is set for increased consolidation."
Vue was founded in 1999. Since 2003, the company has grown from 38 venues in the U.K. to managing 212 sites and 1,902 screens across 10 countries. Since 2013, Canadian investors OMERS Private Equity and Alberta Investment Management have owned a majority stake in Vue.