National CineMedia Names Ronnie Y. Ng as Chief Financial Officer

Rhea-AI Summary

CENTENNIAL, Colo.--National CineMedia, Inc. (NASDAQ: NCMI) has appointed Ronnie Y. Ng as CFO effective September 27, 2021. Ng brings over 20 years of finance and investment banking experience, previously serving as CFO at Allen Media Group. NCM CEO Tom Lesinski highlighted Ng's expertise as essential for navigating the recovery of the movie industry. NCM is the largest cinema advertising network in the U.S., reaching over 20,600 screens and 1,600 theaters. The appointment aligns with NCM's strategic initiatives and growth in cinema advertising.

Positive

• Appointment of Ronnie Y. Ng as CFO is a strategic decision to enhance financial leadership.
• Ng has extensive experience in finance and media, which could benefit NCM's operations.

Negative

• None.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- National CineMedia, Inc. (NASDAQ: NCMI) (“the Company” or “NCM”), the managing member and owner of 48.2% of National CineMedia, LLC (“NCM LLC”), the largest cinema advertising network in the U.S., has appointed Ronnie Y. Ng as chief financial officer (CFO), effective September 27, 2021.

With 20 years of finance, investment banking, accounting and managerial experience, Ng joins NCM from Allen Media Group, LLC (AMG), a diversified media and entertainment company, where he was CFO and head of corporate development. At AMG, he led the company’s finance organization and oversaw multiple large-scale acquisitions and the refinancing of its capital structure.

Prior to AMG, Ng served as vice president in the fixed income group for TCW Group, Inc. (TCW) where he evaluated investments in the media and technology industry, including investment grade corporate bonds, high-yield bonds and leveraged loans. Before joining TCW, he was an investment banker for approximately 10 years. He served as executive director of UBS Investment Bank’s Global Media Group where he managed, advised and structured various financings and merger and acquisition transactions. Ng’s other previous experience includes working at Deutsche Bank Securities Inc., Houlihan Lokey, Inc. and Arthur Andersen LLP.

Ng holds a Bachelor of Science degree in finance from the University of Illinois at Urbana-Champaign.

NCM CEO Tom Lesinski said, “Ronnie is an accomplished financial executive with nearly 20 years of experience around complex financial situations. His deep financial expertise and experience in media and entertainment will be a critical asset for NCM.” Lesinski continued, “We are excited to welcome Ronnie to the leadership team and his background will be instrumental as the movie industry continues to recover and to advance our strategic initiatives.”

About National CineMedia, Inc.

National CineMedia (NCM) is America’s Movie Network. As the largest cinema advertising network in the U.S., NCM unites brands with the power of movies and engages movie fans anytime and anywhere. NCM’s Noovie® pre-show is presented exclusively in 51 leading national and regional theater circuits including AMC Entertainment Inc. (NYSE: AMC), Cinemark Holdings, Inc. (NYSE: CNK) and Regal Entertainment Group (a subsidiary of Cineworld Group PLC. LON: CINE). NCM’s cinema advertising network offers broad reach and unparalleled audience engagement with over 20,600 screens in over 1,600 theaters in 190 Designated Market Areas® (all of the top 50). NCM Digital goes beyond the big screen, extending in-theater campaigns into online and mobile marketing programs to reach entertainment audiences. National CineMedia, Inc. (NASDAQ: NCMI) owns a 48.2% interest in, and is the managing member of, National CineMedia, LLC. For more information, visit www.ncm.com and www.noovie.com.

Forward-Looking Statements

This press release contains various forward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, that reflect management’s current expectations or beliefs regarding, among other things, the addition of theaters and screens to the NCM network. Forward-looking statements are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in any forward-looking statements. Please refer to the Company’s Securities and Exchange Commission filings, including the “Risk Factor” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, for further information about risks and uncertainties that could cause actual results to differ materially. Investors are cautioned that reliance on these forward-looking statements involves risks and uncertainties. The Company undertakes no obligation to update any forward-looking statement, whether as a result, of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005183/en/

INVESTOR CONTACT:

Ted Watson

800-844-0935

investors@ncm.com

MEDIA CONTACT:

Lauren Leff for National CineMedia

914-584-3596

lauren.leff@gmail.com

Source: National CineMedia, Inc.

FAQ

What is the significance of Ronnie Y. Ng's appointment as CFO of NCMI?

Ronnie Y. Ng's appointment as CFO is significant as it brings extensive financial expertise and leadership experience to National CineMedia, which is critical for navigating the recovery in the cinema industry.

When did Ronnie Y. Ng become CFO of National CineMedia?

Ronnie Y. Ng became CFO of National CineMedia on September 27, 2021.

How does NCMI's cinema advertising network reach audiences?

NCMI's cinema advertising network reaches audiences through over 20,600 screens in 1,600 theaters across the U.S., leveraging partnerships with major theater chains like AMC and Cinemark.

What is National CineMedia's business focus?

National CineMedia focuses on cinema advertising, connecting brands with movie audiences through its extensive network and innovative marketing strategies.