Imax Extends CEO Rich Gelfond’s Contract Through 2025 –

Big-screen exhibitor Imax has extended chief executive Richard Gelfond’s employment contract through December 31, 2025.

Gelfond’s initial agreement amendment, effective January 1, 2023, also commits to annual equity award grants in 2023, 2024 and 2025.

The news comes amid a flurry of new executive appointments at the company. Imax recently promoted longtime finance executive Natasha Fernandes to CFO and tapped Jennifer Horsley as SVP of investor relations. It also hired Michelle Golden, a former Warner Media human resources executive, as its global chief people officer, overseeing HR, recruiting, talent management and DEI.

Former investment banker Guilfold and partner Bradley Wechsler acquired Imax in 1994 and turned it into a global brand. Its box office sales are indexing Covid higher after the industry as blockbusters, the company’s bread and butter, fueled a box office recovery earlier this year. It recently posted strong numbers from its re-release. Jaws And from the new David Bowie documentary this past weekend Moonage Daydream. It sells cameras and accessories and is going to live events. Gelfand has been a staunch public advocate for the theater even as he tries to convince Wall Street not to tie the company to the broader exhibition industry.

In an agreement announced in Cannes, IMAX Corporation and Dolphin Entertainment have signed a multi-year agreement to develop and produce a slate of feature-length documentaries for global release. It will be the first film under the partnership. The Blue AngelsA recently announced documentary from Bad Robot Productions and Zipper Bros. Films is being shot with Imax cameras, another growing business.

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