Carmike Cinemas, Inc. (CKEC) announced the departure of Michael Patrick as its chief executive officer and president, effective January 19. Patrick remains a member of Carmike's board of directors.
The board of directors appointed David Passman III, currently Carmike's lead independent director, as the non-executive chairman of the board. In addition, the board established an Office of the Chairman. The Office of the Chairman will focus on the strategic direction of Carmike and transition Carmike to new chief executive leadership. The Office of the Chairman will include Passman, as non- executive chairman of the board, Fred Van Noy, Carmike's chief operating officer, and Richard Hare, Carmike's chief financial officer.
Passman has been a member of Carmike's board since June 2003 and currently serves as a member of the audit, executive and compensation and nominating committees. Passman recently retired from his position as the president and chief executive officer of IBS-STL, Inc., a book publishing and distribution company, where he has served since June 2005.
by RTT Staff Writer
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