National Cinemedia CFO to Resign in March

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On Friday, National CineMedia announced that Executive Vice President and Chief Financial Officer Gary Ferrera is resigning effective March 1, 2013, in order to "pursue another opportunity in an industry unrelated to the business of the Company."

The company, which produces the FirstLook "commercials" that run before the actual movies begin at movie theaters, has not yet named a replacement. However, management says it is "initiating a search" for a new CFO, and hopes to have one picked out before, or shortly after, Ferrera's departure.

Shares of the company closed 0.1% lower Friday ahead of the announcement, at $15.08.

The article National Cinemedia CFO to Resign in March originally appeared on Fool.com.

Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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