AMC Theatres® Welcomes Ellen Copaken in a Newly Created Position – Vice President of Growth Strategy

Rhea-AI Summary

AMC Theatres, the largest theatrical exhibitor globally, has appointed Ellen Copaken as Vice President of Growth Strategy, effective February 18. With over 20 years of experience in brand management at notable companies like Frito-Lay and Hostess Brands, she will spearhead AMC's expansion into the retail popcorn market. AMC aims to launch its AMC Perfectly Popcorn across various platforms, including mall kiosks and food delivery services, enhancing consumer access to its products beyond theaters. This initiative reflects AMC's strategic push for growth and innovation.

Positive

• Appointment of Ellen Copaken as VP Growth Strategy enhances AMC's retail strategy.
• Expansion into the retail popcorn market opens new revenue channels.
• Existing popularity of AMC Perfectly Popcorn strengthens market entry potential.

Negative

• None.

Copaken brings more than 20 years of experience, including long-tenured stops at high-profile brands including Frito-Lay and Hostess Brands where she led innovation, brand management and growth channels

Copaken will lead AMC’s recently announced initiative to bring its nationally renowned AMC Perfectly Popcorn to the multi-billion-dollar popcorn industry and will assist Chief Strategy Officer Mark Pearson with other initiatives to broaden and transform AMC

LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Theatres (NYSE:AMC), the largest theatrical exhibitor in the United States, in Europe & the Middle East, and in the world, today announced a critical hire as it prepares to expand its business into the multi-billion dollar retail popcorn industry. Ellen Copaken, formally of Frito-Lay and Hostess Brands, will join AMC as the Vice President, Growth Strategy, beginning February 18.

In this newly created role, Copaken will lead AMC’s implementation of growth ideas related to the sale to consumers of popcorn outside AMC’s historic in-theatre channel. She will report to Mark Pearson, Chief Strategy Officer, and will assist with other initiatives to broaden and transform AMC.

Adam Aron, Chairman and CEO of AMC commented: “I have been vocal about our intention to innovate, grow and transform AMC’s business, with our planned venture into the multi-billion dollar popcorn industry being a significant example of our doing so. I am therefore quite pleased to welcome Ellen Copaken as Vice President of Growth Strategy for AMC, who is an extremely important hire for us. She has a superb track record in brand management and innovation at Frito-Lay, PepsiCo and Hostess Brands. Her executive ability combined with her significant grocery experience will be a vital asset to AMC as we explore and deliver on current and future opportunities, starting with our new popcorn initiative.”

Copaken joins AMC with significant strategic planning, brand management and grocery experience. For the last four years she’s served as a Partner at global innovation consulting firm, Sterling Rice Group, where she led client relationships and growth strategy engagements in foodservice, retail, consumer package goods and hospitality industries. Previously, she worked in leadership roles for Frito-Lay, PepsiCo and Hostess Brands in general management, innovation and brand management. During her time in the consumer-packaged goods industry, she launched dozens of new food and beverage products in grocery, retail and restaurant/foodservice, making her the perfect fit for AMC’s new venture into the growing retail popcorn industry.

Last November, AMC announced that it would begin selling its popular AMC Theatres Perfectly Popcorn, which has been available to consumers in theatres for more than a century continually since the year 1920, through four new platforms in 2022.

• Beginning later this year, AMC will begin selling freshly made AMC Theatres Perfectly Popcorn at select mall retail locations around the country. Those new kiosks, counters and stores will feature real AMC movie theatre popcorn and other AMC movie theatre treats.
• Additionally, AMC plans to make its AMC Theatres Perfectly Popcorn, freshly popped in nearby theatres, available through food delivery-to-home services. In this way, consumers will be able to enjoy a slice of the AMC experience when being entertained at home.
• AMC will sell “To Go” packages at its theatres of freshly popped popcorn for takeout and/or pickup.
• AMC is also exploring opportunities to offer prepackaged and ready-to-pop microwaveable AMC Theatres Perfectly Popcorn, in supermarkets, convenience stores and other food service venues around the country.

About AMC Entertainment Holdings, Inc.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 950 theatres and 10,500 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit amctheatres.com.

Source: AMC Entertainment Holdings

Category: Company Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20220209005332/en/

INVESTOR RELATIONS:

John Merriwether, 866-248-3872

InvestorRelations@amctheatres.com

MEDIA CONTACTS:

Ryan Noonan, (913) 213-2183

rnoonan@amctheatres.com

Source: AMC Entertainment Holdings, Inc.

FAQ

What is AMC Theatres' latest business initiative?

AMC Theatres is expanding into the retail popcorn market by selling AMC Perfectly Popcorn outside of theaters.

Who is Ellen Copaken and what is her role at AMC?

Ellen Copaken is the newly appointed Vice President of Growth Strategy at AMC, effective February 18.

When will AMC start selling popcorn at retail locations?

AMC plans to begin selling popcorn at select mall retail locations later this year.

How is AMC planning to sell its popcorn to consumers?

AMC will sell popcorn through mall kiosks, food delivery services, takeout from theatres, and potentially in supermarkets.

What companies has Ellen Copaken worked for?

Ellen Copaken has held significant roles at Frito-Lay and Hostess Brands.