The Ymagis Group has named Thierry Lescasse as group executive vice president, finance, succeeding Benoît Jacheet, whose transition mission concluded with the completion of the financial restructuring plan. Jacheet will remain with the company for several weeks to ensure a smooth transition.
For the past 20 years, Lescasse has led financial and managerial missions within small and mid-sized international services and industry groups, specializing in financial transition and transformation operations. He is experienced in the financial directorship of listed companies, notably Assystem and Valtech. As an entrepreneur, he co-founded and managed the Maisons de Famille group of high-end retirement homes and has invested in several start-ups.
Lescasse, 61, has a master's degree in management from Paris X Nanterre University and is a certified chartered accountant.
Jean Mizrahi, Ymagis Group president and CEO said, "We are preparing to face an entirely new economic climate as a result of the COVID-19 pandemic, which is severely impacting the cinema sector, as with many other segments of the global economy. In this context, the completion of the transactions provided for in our agreements with our financial partners will allow us to go into this period with a much more solid financial standing. With Benoît Jacheet's transition management mission coming to an end, the arrival of Thierry Lescasse, whose solid experience will be of great benefit to the Group, will help us meet the challenges that will arise in the coming weeks. I would like to thank Benoît for the crucial work he carried out during the past year, which has enabled us to take this decisive next step. I trust in the commitment and courage of the Group's employees and the CinemaNext, Eclair and Illucity subsidiaries to face the coming months with the same solidarity they showed during an already difficult period for the Group this past year. Together, we will be able to get through this crisis and pursue our policy of innovation, creativity and daring."
Trading on Ymagis shares was suspended on March 24 but the company requested that trading on its shares resume effective when the Euronext Paris market opens on March 30.
Ymagis Group http://www.ymagis.com