Carmike Cinemas, Inc. (NASDAQ: CKEC), a leading entertainment, digital cinema and 3-D motion picture exhibitor, today announced the appointment of Thomas (Tom) H. Wilkinson, 44, as the Company’s new Director of Real Estate and Development, effective immediately. Prior to joining Carmike, Mr. Wilkinson served in a senior real estate managerial and development capacity for two leading North American consumer retailers, premier outdoor destination store, Bass Pro Shops and home improvement superstore, Lowe’s Companies, Inc.
Mr. Wilkinson was previously the Director of Real Estate at Bass Pro Shops for six years and was responsible for implementing and overseeing the successful expansion program that featured the chain’s unique anchor locations. While identifying and reviewing a wide range of potential new sites and redevelopment opportunities, he closely coordinated directly with the organization’s owner and president, as well as its legal, acquisition, engineering and brokerage teams. He also actively interfaced with national and regional mall developers, retail landlords, local municipalities and other key participants in the development process.
At Lowe’s, during a 12-year tenure, Mr. Wilkinson managed a team of site development managers and administrative staff as the organization significantly expanded its store footprint nearly four-fold to more than 1,300 locations by the time of his departure. In a typical year, as its Director of Acquisition/Site Development, Mr. Wilkinson and his department evaluated numerous potential opportunities, ultimately opening 35 to 40 stores annually to meet company goals.
Carmike Cinemas President and Chief Executive Officer David Passman stated, “Tom is a great addition to our senior team given his wealth of retail-focused real estate development experience at two very well-respected consumer chains. He is joining Carmike at a perfect time to assist us in executing upon our new phase of growth. We are actively targeting additional accretive acquisitions and concurrently expanding our circuit organically through an aggressive growth plan. We have set an interim goal of growing our circuit to 300 theatre and 3,000 screens and are well along the path to achieving this milestone.”
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