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Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year.

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In a statement, Jacob said he has “unwavering confidence in Cineplex’s bright future” and was committed to working with the company’s board as it transitions to a new CEO.

TORONTO — Movie theatre giant Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year, in what industry watchers say marks the end of an era for the company.