STOCKHOLM — Mattias Nohrborg has ankled as CEO for struggling theater chain Astoria Cinemas and has been replaced by his deputy Jonny Jergander.
Johan Engwall continues as chairman of the board.
Nohrborg was CEO for distrib Triangelfilm, which — alongside shingle S/S Fladen and distrib Atlantic Film — bought Sandrew Metronome’s theaters in 2005 and renamed the chain Astoria Cinemas.
Astoria has recently been plunged into financial difficulties, and was forced to sell two of its biggest theaters to competitor SF Bio last month.
Triangelfilm, which was founded 18 years ago by Nohrborg, filed for bankruptcy in May.
In a comment, Nohrborg said: “It’s been very tough. I feel that by working hard to save Astoria, I sacrificed Triangelfilm. That was the drop for me, personally.
“I feel that I have done what I could. Now it’s up to others to take over and work with the Astoria Cinemas of the future.
“Now I’m going to rest and give myself space for free thoughts.”