Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 6, 2021, Centricus Acquisition Corp. (the "Company") announced the
election of Mr. Adam M. Aron as a new director of the Company. Mr. Aron has been
appointed to serve on the audit committee, the nominating committee and the
compensation committee of the Company, with such appointment effective upon his
becoming a director of the Company.
Mr. Aron has served since January of 2016 as Chief Executive Officer, President
and a Director of AMC Entertainment Holdings, Inc. AMC is the world's largest
movie theatre company. From February 2015 to December 2015, Mr. Aron was Chief
Executive Officer of Starwood Hotels and Resorts Worldwide, Inc. and served on
its Board of Directors from 2006 to 2015. From 2006 to 2015, Mr. Aron served as
Senior Operating Partner of Apollo Management L.P., a leading private equity
firm. Since 2006, Mr. Aron also has served as Chairman and Chief Executive
Officer of World Leisure Partners, Inc., a personal consultancy that he founded
for matters related to travel and tourism, high-end real estate development, and
professional sports. Mr. Aron served as Chief Executive Officer and Co-Owner of
the National Basketball Association's Philadelphia 76ers from 2011 to 2013, and
continues as an investor in the team. From 1996-2006, he was Chairman and CEO of
Vail Resorts, and from 1993-1996 he was President and CEO of Norwegian Cruise
Line. From 1990-1993, he was the chief marketing officer of United Airlines and
from 1987-1990 the chief marketing officer of Hyatt Hotels & Resorts. Mr. Aron
currently serves on the board of directors of AMC Entertainment and Norwegian
Cruise Line Holdings, Ltd. Mr. Aron received a Master's of Business
Administration degree with distinction from the Harvard Business School and a
Bachelor of Arts degree cum laude from Harvard College. Mr. Aron brings to the
Board significant business and executive leadership experience, including 28
years of experience as a Chief Executive Officer, 33 years of experience as a
corporate director, and 42 years of experience in consumer-engagement.
The board of directors of the Company has affirmatively determined that Mr. Aron
meets the applicable standards for an independent director under both the rules
of the Nasdaq Capital Market and Rule 10A-3 under the Securities Exchange Act of
1934.
Mr. Aron will not be compensated by the Company for his services as a director
and has not entered into an employment agreement with the Company.
In connection with this appointment, Mr. Aron is expected to enter into an
indemnity agreement and a letter agreement with the Company on the same terms as
the indemnity agreements and letter agreement entered into by the directors and
officers of the Company at the time of the Company's initial public offering.
© Edgar Online, source Glimpses