iPic® Entertainment Announces Departure of CFO Paul Westra
06 Noviembre 2018 - 3:07PM
Andre Loehrer, iPic’s Controller, to Serve
as Interim CFO
iPic® Entertainment (“iPic” or the “Company”) (NASDAQ: IPIC),
America’s premier luxury restaurant-and-theater brand, today
announced that Paul Westra is resigning to rejoin the financial
services industry. Andre Loehrer, iPic’s Controller, will assume
the position of interim Chief Financial Officer. The Company has
also commenced a formal search through Spencer Stuart for a new
permanent Chief Financial Officer.
"On behalf of myself, our Board and all of our
team members, I want to thank Paul for his service and
contributions to iPic,” stated Hamid Hashemi, Founder and CEO of
iPic Entertainment. “His leadership has been instrumental,
particularly through our IPO earlier this year. We wish him success
in his future endeavors and we understand his interest in going
back to the capital markets where he spent most of his career."
Loehrer joined iPic in March 2017 as the
financial controller. He has over 18 years’ experience in
accounting and auditing. Prior to joining iPic, Loehrer served as
the Controller of Twin-Star International, Inc. from October 2013
until March 2017. He obtained his Bachelor of Commerce (Honors) in
Auditing and Accounting from the University of South Africa.
"I am grateful for my time with iPic
Entertainment and to have had the opportunity to work with such a
passionate group of people and a brand with significant long-term
growth potential. However, I have come to appreciate that my career
interests and skillset are better suited for the capital markets
and will therefore be re-entering the financial services industry.
I wish the Company and all of its team members the very best," said
Westra.
About iPic® Entertainment Inc.
Established in 2010 and headquartered in
Boca Raton, FL, iPic® Entertainment is America’s premier
luxury restaurant-and-theater brand. A pioneer of the dine-in
theater concept, iPic® Entertainment’s mission is to provide
visionary entertainment escapes, presenting high-quality,
chef-driven culinary and mixology in architecturally unique
destinations that include premium movie theaters and restaurants.
iPic® Theaters offers guests two tiers of luxury leather seating,
Premium Chaise lounge and Premium Plus pod or reclining seating
options. iPic® Theaters currently operates 15 locations with
115 screens in Arizona, California, Florida, Illinois, Maryland,
New Jersey, New York, Texas, and Washington and new locations
planned for Florida, Georgia, Texas, California and Connecticut.
For more information, visit www.iPic.com.
Investor Relations:ICRRaphael
GrossMelissa Calandruccio, CFAiPicIR@icrinc.com646-277-1273
Media Relations:The Gab Group for iPic®
Entertainment Corporate Michelle
Soudrymsoudry@thegabgroup.com 561-750-3500
JonesworksStephanie Jones/Michelle Boweripic@jonesworks.com
212-839-0111
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