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Carmike Finance Chief Retiring

The theater company hires Korn/Ferry for a search.
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Carmike Cinemas (CEKC) said finance chief Martin A. Durant will retire April 1.

The Columbus, Ga., theater company hired Korn/Ferry International to conduct a search for a new chief financial officer.

"Carmike has been fortunate to include Martin Durant as an important member of our executive team during the past six years," said CEO Michael W. Patrick. "Martin's efforts have been critical in providing the financial leadership for our company. We thank Martin for all of his contributions to Carmike and wish him the very best in his well-deserved retirement."

"I am pleased to have contributed to Carmike's success over the years and wish the company the very best as it moves into the digital distribution phase of exhibition," said Durant.

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On Tuesday, Carmike fell 14 cents to $22.85.