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Wanda Film CEO Liu Xiaobin Resigns

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variety.com

Rebecca Davis editorShenzhen-listed Wanda Film announced this week that its CEO and director Liu Xiaobin has resigned. The announcement was made five days after it emerged that parent company Wanda Group has given up its majority stake in U.S.

cinema chain AMC Entertainment.Liu, a 20-year Wanda veteran, is also stepping down from his position as a member of the board of Wanda Film’s directors’ strategy and nomination committees.

He is departing “due to personal reasons,” the notice filed to the Shenzhen exchange said.Liu’s resignation hit the same week that AMC’s annual report showed that Wanda Group has relinquished the controlling stake of AMC it has held since 2012.

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