Rees to step down after four years as CEO; Karen Stacey interim CEO.
Digital Cinema Media (DCM) CEO Simon Rees is to step down after four years in the role.
Rees will step down from the cinema advertising outfit at the end of Janary in order to pursue “other interests both inside and outside of the media industry”, according to a company statement.
Karen Stacey, former Head of Broadcast Sales and Bauer Access at Bauer Media, has been appointed as Interim CEO, starting in the New Year.
During Rees’ stewardship, DCM has seen the introduction of a new digital delivery system for commercials and increased interactive capability throughmobile app Cinime.
According to DCM, the number of brands advertising on cinema has grown 60% in the past three years.
Rees said: “I’m really proud of the transformation we have been able to achieve for DCM and cinema advertising. I know I leave a business in great shape, with a talented young team, and well-placed for the future.”
Nigel Sharrocks, non-executive chairman at DCM, added: “On behalf of the board I would like to thank Simon for all his tremendous efforts on behalf of cinema advertising and in leading DCM. We wish him all the very best for the future.”