Reuters

AMC board names CEO Adam Aron as chairman

Aron has served as CEO, president and member of AMC’s board since 2016, having led the company to become the largest cinema operator in the world and maintain its liquidity when the pandemic hammered its business. One of so-called ‘meme stocks’, AMC soared in a Reddit-driven retail short squeeze in the beginning of the year. The company’s shares were down 2.8% in premarket trading on Wednesday.

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