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National Cinemedia (NCMI) has provided an update.
National CineMedia, Inc. has appointed Catherine Sullivan as the new President of Sales, Marketing, and Partnerships, effective May 16, 2024. Sullivan, with a robust background in media and advertising, including CEO of PHD Media US and various leadership roles at Omnicom Media Group and ABC Television, will receive an annual salary of $650,000 with bonus and long-term incentive opportunities. Her initial equity grant includes restricted stock units worth $600,000. In the event of involuntary termination, Sullivan is entitled to severance benefits, aligning with her employment agreement. This strategic executive move coincides with Scott D. Felenstein’s planned departure from the company.
For an in-depth examination of NCMI stock, go to TipRanks’ Stock Analysis page.