Later in the day satellite radio giant Sirius XM said it had named Sullivan as its new CFO, effective Oct. 26. Interested in hearing more about our companies? AMC Networks said its long-time executive chairman Charles Dolan will step down, becoming chairman emeritus of the programmer as his son and board member James Dolan was named non-executive chairman of the company. In 2005 Hoefer was inducted into the CUES Hall of Fame, in 2001 was recognized with the Iowa Credit Union League Cooperative Spirit Professional Award, and was named the first-ever Iowa CUES Manager of the Year in 1985. We look forward to their continued leadership as AMC Networks continues to stand out in a crowded environment through the strength and quality of our content and ability to forge strong and lasting relationships with viewers and fans.”. Multichannel News is part of Future plc, an international media group and leading digital publisher. News of the buyback sent the shares up about 17% ($3.48 each) to $24.25 per share in after-hours trading Tuesday. Receive mail from us on behalf of our trusted partners or sponsors? “AMC Networks has a strong financial position and the proposed tender offer is a significant expression of strength and the Board’s confidence in our company’s future,” Sapan said. The Chairman is the executive head of the AMC. News of the executive changes comes as AMC said it will buy back about $250 million worth of its shares through a modified Dutch auction beginning Sept. 16. “The Dolans have led this company from its inception, and both Charles and Jim have provided vision, guidance and support through its long history of growth and evolution,” said AMC Networks CEO Josh Sapan in a statement. Prior to beginning this work in 2006, Monica served for more than 12 years in state government, including as Deputy Director of the Iowa Department of Cultural Affairs, Communication Director for the Iowa Finance Authority and Press Secretary in the Office of the Governor. Phone: 866.596.3060, Copyright © 2020. This press release, along with other news about AMC, is available at www.amctheatres.com. spun off from the former Cablevision Systems in 2011. chief financial officer Sean Sullivan will step down in mid-October. In his place, Dolan’s son James Dolan will become chairman of the company, which owns AMC, IFC, Sundance Channel and BBC America. She serves on the ICUL Advocacy Committee and is an ex officio member of the Iowa Credit Union Foundation Board. England and Wales company registration number 2008885. The Chairman is the executive head of the AMC. We thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessary. Chairman, AMC Institutions Chairman's Profile Dr. K.R. "on . 2021 Board of Directors Nominees Per the Appalachian Mountain Club Bylaws (PDF, 215KB), current members in good standing have a voice in AMC’s governance, including a vote on AMC’s Board of Directors officers and directors. AMC shares are down about 47% for the year to date amid the macroeconomic turbulence caused by the pandemic as well as the specific challenges for the ad-supported basic cable sector that is the core of the company’s earnings. In a modified Dutch auction, shareholders indicate how much stock and at what price they want to sell it within a specific range. MSG CEO, Chairman James Dolan attends as Madison Square Garden celebrates Billy Joel's 100th lifetime show at Madison Square Garden on July 18, 2018 in New York City. Charles Dolan’s net worth is valued by Forbes at $4.7 billion following the sale of Cablevision to Altice USA for $17.7 billion in 2016. Mr. Zhang received a bachelor’s degree in accounting from Dongbei University of Finance and Economics and an executive master’s in business administration from Peking University. He then attended Harvard University, where he graduated cum laude with a bachelor's degree in government; and an MBA with distinction from the Business School. Weekly digest of streaming and OTT industry news. He succeeds as Board Chairman, Zeng Maojun (John Zeng), President of Wanda Cinemas, who will continue to serve as an AMC board member. He’s been chair of AMC Networks since the company was spun off from the Dolan family’s former cable empire, Cablevision, in 2011. AMC Networks board member James Dolan will replace his father as non-executive chairman of the company. 7745 Office Plaza Dr. North, Suite 170 Adam Aron, CEO and President of AMC Entertainment commented, “We are thrilled to welcome Lincoln Zhang back to AMC’s board of directors as our non-executive Chairman. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document. Cable mogul Charles Dolan will step down as executive chairman of AMC Networks, with the 93-year old shifting to a chairman emeritus role. Vada is also a professor at DMACC where he teaches business courses. Murray received his MBA and a BA with honors from Iowa State University. For more information, visit www.amctheatres.com. She received her Master of Public Administration from Southern Illinois University and her Bachelor of Arts from the University of Iowa. Mr. Mr. Zhang is one of the most senior executives and a Board director of the Wanda Group, which has been the majority shareholder of AMC since 2012. “We look forward to their continued leadership as AMC Networks continues to stand out in a crowded environment through the strength and quality of our content and ability to forge strong and lasting relationships with viewers and fans.”.
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