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Virginie Calmels appointed Chairman of the

Supervisory Board of Euro Disney S.C.A.

Update : 11/01/13 - 19h27 Published by François Mayné the 9 January 2013, Corporate.

The Supervisory Board of Euro Disney S.C.A., the operator of Disneyland Paris, has decided to appoint Mrs. Virginie Calmels as Chairman, replacing Mr. Antoine Jeancourt-Galignani, who has decided to retire after 23 years as a board member including 17 years as Chairman.

“First of all, I would like to take this opportunity to sincerely thank Antoine Jeancourt-Galignani for his valuable contribution to the development of Disneyland Paris," said Philippe Gas, CEO of Euro Disney S.A.S. "Antoine managed his role within the Board with great commitment for Euro Disney and its shareholders. I am very pleased with the appointment of Virginie Calmels as Board chairman and look forward to continuing to work with her”.

Elected as Board member in 2011, Virginie Calmels is currently Chief Operating Officer of Endemol Group Worldwide and Chairman of Endemol France and Vice-President of the Syndicat des Producteurs et Créateurs d’Emissions de Télévision (independent television producers’ union) and Vice-President of the Centre d’Etude et de Prospective Stratégique. She is also a director of Iliad S.A.

“Above all, I would like to thank the Board members for this demonstration of their trust and support. I intend to continue the outstanding work carried out by the Board and my predecessor Mr. Antoine Jeancourt-Galignani, to whom I would like to extend my sincerest appreciation and gratitude. I am glad to have the opportunity to support Disneyland Paris at this key milestone in its history and development”, Virginie Calmels said about her appointment.

The Board’s Nomination Committee issued the following statement: “Her strong international, entertainment industry experience and financial background as well as her proven leadership make Virginie Calmels a natural choice for the Board chairmanship and a tremendous asset for the company ”.

Despite a record attendance of 16 million visitors and revenues of €1.3 billion in the fiscal year 2012, the results of Euro Disney S.C.A. have been contrasted by a higher net loss due to lower spending on internal sales and decline of the hotels occupancy rate.

In September The Walt Disney Company announced the refinancing of Euro Disney's debt for an overall amount of 1.33 billion euros (approx $1.7 billion). The operation is set to give the company a better position to invest in long-term and to drive value for the shareholders.

In 2013, Disneyland Paris will continue the celebrations of its 20th anniversary with entertainments and the rewarded night show spectacular Disney Dreams! Plans for the future include a new dark ride currently under construction at the Walt Disney Studios Park and which is scheduled to open in 2014.

Disneyland Paris - Walt Disney Parks & Resorts - - -

Written by François Mayné

François Mayné Publishing Director » Contact Us
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Lo-Q
(12 articles found)

Theme Park Supplier's News of the Week #12 read more

Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...

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NEW | Lo-Q - Published on March 1, 2012

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