National CineMedia, Inc. Names Katie Scherping Chief Financial Officer
August 09 2016 - 1:00PM
Business Wire
Co-Interim CFO David J. Oddo Named Treasurer
and SVP, Finance
Co-Interim CFO Jeffrey T. Cabot Named SVP,
Controller
National CineMedia, Inc. (NCM) (NASDAQ: NCMI), the managing
member and owner of 43.6% of National CineMedia, LLC (NCM LLC),
America’s Movie Network, today announced that Katie Scherping will
be joining NCM as chief financial officer (CFO), effective August
11, 2016. Scherping will also serve as CFO of NCM LLC.
With more than 30 years of finance, accounting and managerial
experience, Scherping comes to NCM from Quiznos, where she had
served as interim president and CEO since June of 2016. Previously,
she had been a part of the Quiznos management team in the role of
chief financial officer since December of 2013.
Prior to joining Quiznos, Scherping served as Red Robin Gourmet
Burgers’ chief financial officer from June 2005 to July 2011.
During her tenure at Red Robin, the company grew from 274
restaurants to over 450, with revenue growth from $486.0
million in 2005 to $864.3 million in 2010. Scherping began her
career in Denver as an auditor with Arthur Andersen. She has also
held various accounting positions with companies in the oil and gas
industry, security alarm monitoring, telecommunications,
technology, and restaurant industries.
Scherping is also the recipient of several awards, including the
Jean Yancey Award for Outstanding Women in Business, the CFO of the
Year Award, and an Outstanding Accountancy Alumni award from
Northern Illinois University. She holds a Bachelor of Science
degree in accounting and is a CPA and CGMA.
“Katie has terrific leadership skills and valuable experience as
both a private and public company CFO,” said Andy England, CEO and
director of NCM. “She brings a great perspective to NCM’s senior
leadership team, and I look forward to working together with her to
implement our new company strategy and vision to be the connector
between brands and movie audiences.”
With Scherping joining the company as chief financial officer,
NCM’s co-interim CFO’s, David J. Oddo and Jeffrey T. Cabot, will
transition into other roles on the finance team. David J. Oddo,
formerly co-interim CFO and principal financial officer, has been
named treasurer and senior vice president of finance. Jeffrey T.
Cabot, formerly co-interim CFO and principal accounting officer,
has been named senior vice president and controller. Both had been
serving as co-interim CFOs since March of 2013.
“I’d also like to thank David and Jeff for their tremendous
service to NCM as co-Interim CFOs,” England added. “They have
successfully guided the company through many challenges and
successes over the past three years, and together with Katie, will
continue to help NCM advance as a leader in the advertising
marketplace.”
“It’s clear that I’m joining a great company and a great team,
and I am very eager to be able to put my experience to work in this
exciting industry,” said Katie Scherping. “I look forward to my new
role and to working with NCM’s shareholders, analyst community and
partners.”
About National CineMedia, Inc.
National CineMedia (NCM) is America's Movie Network. As the #1
weekend network in the U.S., NCM is the connector between brands
and movie audiences. More than 700 million moviegoers annually
attend theaters that are currently under contract to present NCM’s
FirstLook pre-show in over 40 leading national and regional theater
circuits including AMC Entertainment Inc. (NYSE:AMC), Cinemark
Holdings, Inc. (NYSE:CNK) and Regal Entertainment Group (NYSE:
RGC). NCM’s cinema advertising network offers broad reach and
unparalleled audience engagement with nearly 20,500 screens in over
1,600 theaters in 187 Designated Market Areas® (49 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 43.6% interest in, and is the managing member of, National
CineMedia, LLC. For more information, visit www.ncm.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160809005984/en/
National CineMedia, Inc.Investor Contact:David
Oddo, 800-844-0935investors@ncm.comorMedia Contact:Amy Jane
Finnerty, 212-931-8117amy.finnerty@ncm.com
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