Former MGM chief Yemenidjian joins directors
Regal Entertainment, the nation’s largest theater chain, said Monday that it has named former MGM chief Alex Yemenidjian to its board of directors.
Yemenidjian is chairman of the board and CEO of Armenco Holdings.
Also named to the Regal board is Nestor R. Weigand Jr., chairman and chief of Wichita, Kan.-based real estate firm J.P. Weigand & Sons.
The appointments have expanded the Regal board to nine members.
Yemenidjian will serve on the board’s audit committee, Weigand on its compensation and corporate governance committees.
Yemenidjian said he accepted the board appointment “because I have a tremendous amount of respect for (Regal majority owner) Phil Anschutz and (current board member) Steve Kaplan.”
Appointments were effective Thursday.
Before being named chief exec of MGM in 1999, Yemenidjian was prexy of MGM Mirage.
Weigand has more than 45 years of experience in the real estate industry. He also sits on the board of the Fox & Hound Restaurant Group.
“Mr. Yemenidjian’s experience in the movie and entertainment business coupled with Mr. Weigand’s extensive real estate background, will enhance the experience base of the company’s board and contribute valuable strategic perspective,” Regal CEO Mike Campbell said in a statement.
Yemenidjian’s term on the Regal board will run through 2006, while Weigand’s ends in 2008.