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Cineworld Lenders Plot Management Handover Amid Buyer Interest

  • Greidingers have led Cineworld for the past nine years
  • Company expects to exit bankruptcy in first half of 2023
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Photographer: Anthony Devlin/Bloomberg

Cineworld Group Plc’s lenders have begun a search for a new management team as they settle final details to bring the world’s second-largest movie theater chain out of bankruptcy.

The London-based group’s creditors are drawing up plans for a new board and executive team after nine years under Chief Executive Officer Mooky Greidinger and his brother, deputy CEO Israel Greidinger, according to people familiar with the matter, who asked not to be identified because the talks are private.