Cinemark Holdings, Inc. announced that Jay Jostrand has been promoted to Senior Vice President of Real Estate and will succeed Tom Owens, who will be retiring March 30, 2018. Mr. Jostrand will oversee all new and repositioned domestic theatre assets while seeking merger and acquisition prospects. Mr. Owens has agreed to provide consulting services to the Company for strategic opportunities following his retirement. Jay has had an extensive career in real estate development, as well as ownership and brokerage experience. During his 16-year tenure with Cinemark, he has been integral in securing locations for the Company’s significant domestic theatre growth and identifying locations for re-positioning with Luxury Lounger recliner seats.
Cinemark Holdings, Inc., is engaged in the motion picture exhibition business. The Company operates through two segments: United States markets and international markets. It operates 501 theatres and 5,719 screens in the United States, and Latin America. The Companyâs United States circuit operated 309 theatres and 4,324 screens and its Latin America circuit operated 192 theatres and 1,395 screens across 13 countries. It also plays mainstream films from many different genres, such as animated films, family films, dramas, comedies, horror, and action films. The Company offers various alternative entertainment content for its guests, which includes concert, sporting, and gaming events, as well as art, independent, faith-based, and multicultural foreign language films. In addition, it provides the functionality and technological infrastructure to live-stream events via satellite network across its portfolio of theatres in the United States and Latin America.