E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/21/2008 in the Prospect News Distressed Debt Daily.

Movie Gallery appoints Gabriel as new president and CEO

By Caroline Salls

Pittsburgh, May 21 - Movie Gallery, Inc. has appointed C.J. Gabriel Jr. to succeed the company's founder, chairman, president and chief executive officer, Joe Malugen, as president and CEO of the reorganized company, according to a company news release.

Gabriel's appointment took effect Tuesday.

"Movie Gallery is emerging from bankruptcy with a talented new leader committed to meeting the needs of our customers, employees and other stakeholders," Malugen said in the release.

"I am confident in Gabe's ability to return the company to profitability."

Gabriel said in the release, "I am fully committed to enhancing store operations, improving operating metrics, further reducing debt and better integrating this great company's brands and businesses."

According to the release, Gabriel brings more than 25 years of experience as a senior executive in the consumer products and retail industries. He most recently served as executive vice president of marketing, merchandising and supply chain management at Albertsons, Inc.

Gabriel earned his bachelor of sciences degree in human resource management from the University of Scranton in Pennsylvania.

Movie Gallery, a Dothan, Ala.-based video rental company, emerged from bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Virginia on May 20.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.