Singapore, 11 April 2013 – Golden Village (GV) announced today that Kurt Rieder will step down as Chief Executive Officer (CEO). He will be taking on a new role as CEO of Mars Cinema in Turkey (headquartered in Istanbul). Succeeding him will be Clara Cheo, GV’s Chief Financial Officer. She will take over as interim CEO, assuming all duties formerly undertaken by Mr. Rieder with effect from 22nd April 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 unwavering 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. Through her experience in the development of financial strategies and identifying opportunities for expansion as CFO, she will drive GV’s positioning as an industry trailblazer.
****
For media queries regarding Golden Village, please contact SPRG at:
Diana Low
Account Manager
DID: +65 6325 8264
diana.low@sprg.com.sg
Viviane Then
Account Manager
DID: +65 6325 8271
viviane.then@sprg.com.sg
Gwendoline Lee
Associate
DID: +65 6325 8184
gwendoline.lee@sprg.com.sg