Gerry Lopez, the president and CEO of AMC Theaters, will step down “to pursue another opportunity,” the company announced Tuesday.
Lopez will leave his position on Aug. 6, leaving the company’s CFO, Craig Ramsey, to serve as interim CEO starting Aug. 7.
Ramsey has served AMC for more than 20 years, the last 15 years of which have been in senior and executive leadership roles. Ramsey most recently led AMC’s public offering in December 2013 and currently serves on the board of directors of Open Road Releasing and National CineMedia, Inc.
The Board has formed a search committee to lead the search for a permanent CEO. The search committee is chaired by AMC audit committee chairman Lloyd Hill, and includes AMC governance & nominating committee chairman Anthony Saich and directors Howard “Hawk” Koch, Jr. and Kathleen Pawlus. The committee has retained the leading executive search firm, Spencer Stuart, to assist in conducting a national search.
“AMC’s future is on very solid ground thanks in great part to Gerry’s vision and passion,” Ramsey said. “He has created an enduring, guest centric culture capable of driving results and innovation for many years to come. I look forward to continuing to execute our strategy and facilitating a seamless transition as the Board conducts its search.”
“I came to AMC over six years ago to strategically transform the company by developing, testing and implementing a differentiated growth strategy,” Lopez said. “The AMC I leave behind is in good hands and in great shape. I believe the strategic and financial foundation is in place for continued success well into the future. I now plan to bring my passion for strategic refocus to another industry, where guest focus and strategic redeployment are equally important.”