News for the Hospitality Executive
Gregory S. Marcus Elected CEO of The Marcus Corporation;
Stephen H. Marcus to Continue as Chairman
MILWAUKEE - January 6, 2009 - The Marcus Corporation (NYSE: MCS) today announced that its Board of Directors has elected company President Gregory S. Marcus, 44, chief executive officer of the company. Stephen H. Marcus, 73, will continue to serve as chairman.
“A major step in the evolution of The Marcus Corporation was the election last January of Greg as president of the company. As part of his additional responsibilities as CEO, the executives who are responsible for our two main operating divisions, Bruce Olson, president of Marcus Theatres®, and Bill Otto, president of Marcus Hotels and Resorts, will now report to Greg. I will continue as chairman and remain actively involved in the business, serving on the investment committee and working on the development of our strategic initiatives,” said Stephen H. Marcus.
“Since joining the company in 1992, Greg has had a significant role in helping us get to where we are today. He is a strong leader who understands our business, our culture and our people. All of us who have worked with Greg throughout the years have experienced first-hand his enthusiasm, knowledge and pride in the company. I am confident that under Greg’s leadership we will continue to build on our 73 years of growth and success,” said Stephen Marcus.
Gregory S. Marcus is the third generation of the Marcus family to serve as CEO. Throughout his career at The Marcus Corporation, he has been involved in nearly all facets of the company. He joined the company in 1992 as director of property management/corporate development, where he spent a number of years acquiring real estate for the company’s operating businesses. He then spent three years in operations, ultimately running the company’s former limited-service lodging business, Baymont Inns & Suites. Marcus was promoted to senior vice president – corporate development in 1999 and became an executive officer of the company in July 2005. He was elected to The Marcus Corporation Board of Directors in October 2005 and was elected president of the company in January 2008.
Gregory Marcus serves on the boards of several non-profit organizations including the Marcus Center for the Performing Arts, Columbia St. Mary’s Hospital and the United Way of Greater Milwaukee. He is also a director and past president of the Betty Brinn Children’s Museum and a trustee of the Wisconsin Conservatory of Music.
Stephen H. Marcus has been president and chief executive officer since 1988 and was elected chairman of the board in 1991. He has served the company for 46 years. The Marcus Corporation was founded by Ben Marcus, the father of Stephen Marcus, in 1935.
Headquartered in Milwaukee, Wis., The Marcus Corporation is a leader in the lodging and entertainment industries.
|Also See:||Dial Family Resorts Selects Marcus Hotels and Resorts to Manage Proposed $150 million Hawaiian Themed Resort with 409 rooms and 75,000 sq ft Indoor Water Park Near Providence, Rhode Island / May 2008|