Arts Alliance Media has named Patrick Foley CEO as a result of the planned departure of John Aalbers. Following the successful sale of AAM to Luxin-Rio late last year, Aalbers decided it would be an appropriate time to hand over the reins in order to pursue a number of other interests and opportunities.
Jiang Dong, chairman of Luxin-Rio said, “Under John’s leadership and vision, Arts Alliance Media has become the pre-eminent software provider to the cinema industry. We are looking forward to the significant opportunities Arts Alliance Media has within the Luxin-Rio group under Pat’s steadfast leadership.”
Foley has been with AAM for more than 12 years. He joined as chief financial officer and two years ago, took up the position of chief operating officer. He was instrumental in the development of AAM’s virtual print fee solution and helped drive the recent investment efforts that led to AAM being acquired by Luxin-Rio.
Foley said, “I am delighted to be given the opportunity to stand at the helm of a company I have dedicated so much of my time to developing. Digital cinema is currently undergoing a major transformation with VPF coming to an end, unique innovations changing the cinema going experience, and new technologies driving increased reliability and efficiency. I look forward to leading AAM forward and helping our customers across the world in these exciting times.”
Foley formally undertook CEO responsibilities as of March and is replaced as chief operating officer by Rachel Dixon, formerly AAM program director.
Arts Alliance Media http://www.artsalliancemedia.com