Alliance Atlantis announces changed management structure
June 01 2005 - 9:00AM
PR Newswire (US)
Alliance Atlantis announces changed management structure Michael
MacMillan appointed Executive Chairman, Phyllis Yaffe appointed
Chief Executive Officer TORONTO, June 1 /PRNewswire-FirstCall/ --
Michael MacMillan, Chairman and Chief Executive Officer of Alliance
Atlantis Communications Inc., today announced changes to the
company's operating management structure designed to further align
it with the company's focus on maintaining exceptional performance
and continuing our strategic growth within the broadcast industry.
Effective immediately, Mr. MacMillan will become Executive Chairman
of Alliance Atlantis, while Phyllis Yaffe, currently the Chief
Operating Officer, will become Chief Executive Officer. As
Executive Chairman, Mr. MacMillan will continue to focus his
efforts on overseeing the long-term growth and direction of the
company. Ms. Yaffe will assume responsibility for leading the
Company in achieving its financial and operating goals. "Alliance
Atlantis has never been stronger and I believe that the new
management structure reflects the next phase in the evolution of
the Company," said Mr. MacMillan. "I am proud of the transformation
that Alliance Atlantis has accomplished over the past number of
years and today's announcement will allow me to focus on ensuring
we are well-positioned to continue to grow our business and
leverage our strengths in a changing environment." He added, "For
our shareholders, our advertisers, our subscribers and our
employees, it is important that we maximize the opportunities
arising from the ongoing evolution of the broadcast business."
"Phyllis has excelled in every role she has held at the company,
most recently as our Chief Operating Officer," stated Mr.
MacMillan. "It is apparent to both me and the Board of Directors
that the reality is that Phyllis already has responsibility for the
operating businesses of the company and I believe it is appropriate
that she have the full authority and the office of Chief Executive
Officer. Becoming Executive Chair allows me to shift my
perspective, and to dedicate the appropriate time and resources to
long- term planning and growth strategies for Alliance Atlantis."
"I am very excited with the prospect of continuing to work closely
with Michael and the rest of the Senior Management team in our
organization," said Ms. Yaffe. "The new management structure will
allow us to plan for the future and focus our efforts on continuing
to lead the industry in such a fast-paced and dynamic environment."
Anthony Griffiths, Lead Director of the Alliance Atlantis
Communications Inc. Board of Directors will continue in that role.
About Alliance Atlantis Communications In 2005, Alliance Atlantis
Communications Inc. celebrates its 10th anniversary as a leading
specialty broadcaster, continuing to offer Canadians recognizable,
high-quality brands boasting targeted, high-quality programming
across 13 specialty channels. The Company co-produces and
distributes a limited number of television programs in Canada and
internationally, including the hit CSI franchise, and holds a 51%
limited partnership interest in Motion Picture Distribution LP,
Canada's leading motion picture distribution business. The
Company's common shares are listed on the Toronto Stock Exchange -
trading symbols AAC.A, AAC.NV.B and on NASDAQ - trading symbol
AACB. The Company's Web site is http://www.allianceatlantis.com/.
This press release contains forward-looking statements that involve
a number of risks and uncertainties. Among the important factors
that could cause actual results to differ materially from those
indicated by such forward-looking statements, in addition to the
financing conditions mentioned above, are market and general
economic conditions and the risk factors detailed from time to time
in the Company's periodic reports and registration statements files
with the Canadian securities regulatory authorities and the US
Securities and Exchange Commission. DATASOURCE: Alliance Atlantis
Communications Inc. CONTACT: Andrew Akman, Vice President,
Corporate Development and Investor Relations, Tel: (416) 966-7701,
E-mail: ; Nicole Emanuel, Manager, Corporate and Public Affairs,
Tel: (416) 934-7853, E-mail:
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