Golden Village CEO steps down

Golden Village CEO steps down

SINGAPORE - Golden Village (GV) announced today that Mr Kurt Rieder will step down as chief executive officer. He will be taking on a new role as CEO at the Istanbul headquarters of Mars Cinema in Turkey.

GV's Chief Financial Officer Ms. Clara Cheo will succeed Mr Reider.  She will assume all duties formerly undertaken by Mr. Rieder April 22, 2013.

In his departure announcement, Mr. Rieder said: "Thanks to the dedication and support of the GV team, our partners and patrons, I've had a wonderful experience working for Golden Village. I am proud of the successes we have achieved together and am confident that Clara will propel GV to a new phase of growth and market-first customer experiences."

In the last two years, GV has enjoyed several industry's 'firsts' including the successful launch of GV Katong, the first Peranakan-inspired cinema, and GV City Square, the 'next-generation' cinema that implemented Singapore's first auto-gate system and an integrated digital projection solution via a Theatre Management System.

The leading cinema exhibitor was also the first to introduce the latest cinema sound format Dolby Atmos at GVmax in GV VivoCity.

The cinema's support of local and independent films resulted in the annual Love & Pride Film Festival, partnerships with Sinema and the introduction of a new Gemini (Couple's Cinema) cinema hall at GV City Square to allow affordable premieres of independent films by local film-makers.

Ms. Cheo, who has been with GV for more than 17 years, will spearhead the continued expansion and upgrading of GV cinemas to provide a differentiated and customer-focused movie experience to Singapore's movie patrons.

In a press statement, a spokesperson said that Ms. Cheo would aim to drive GV's positioning as an industry trailblazer with her experience in the development of financial strategies and identifying opportunities for expansion as CFO.

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