Stephen H. Marcus Named Chairman Emeritus of The Marcus Company

Marcus Hotels;

After greater than 60 years of firm management, together with 31 years as chairman of The Marcus Company, the board of administrators at this time unanimously appointed Stephen H. Marcus as non-director chairman emeritus and particular advisor to the corporate. Steve Marcus notified the board of administrators that he’s stepping down as chairman of the board efficient at this time, the date of the 2023 annual assembly of shareholders.

The board of administrators at this time additionally unanimously appointed Gregory S. Marcus as chairman of the board. Along with his function as chairman, Greg Marcus will proceed to function chief govt officer and president of The Marcus Company.

For greater than six a long time, Steve Marcus has been a driving pressure not solely at The Marcus Company however among the many communities it serves, particularly its hometown of Milwaukee. Becoming a member of the corporate in 1962 after working in accounting and legislation, Steve Marcus oversaw a interval of large progress and alter, together with taking the corporate public and rising the group to what’s at this time the fourth largest film theatre circuit within the nation, a extremely revered hospitality and lodging firm, and employer to greater than 8,000 valued associates throughout 18 states. Serving in many alternative roles throughout this tenure at The Marcus Company, Steve Marcus has been a director of the corporate since 1969, was chief govt officer from 1988 to 2009, and served as chairman of the board since 1991.

Deeply civically minded, Steve Marcus instilled within the firm its obligation to present again to the communities the place its staff reside and work. The footprint of Milwaukee is cemented by many enduring reminders of the corporate’s generosity, together with The Marcus Performing Arts Middle and the Bradley Symphony Middle, together with a few years of help for the United Means, United Performing Arts Fund, Boys & Ladies Golf equipment, and the College of Wisconsin-Milwaukee Faculty of Structure and City Planning Marcus Prize. Steve Marcus can be the visionary behind Sculpture Milwaukee, an out of doors, world acknowledged sculpture exhibit all through the Metropolis of Milwaukee.

“On behalf of our board of administrators, tens of 1000’s of previous and current Marcus Company staff, and so many others, thanks dad,” mentioned Greg Marcus, chairman, president and chief govt officer of The Marcus Company. “Phrases won’t ever be sufficient to explain what Steve Marcus means to our firm, the Metropolis of Milwaukee and our household. His robust work ethic, enterprise acumen, depth of character and whole lack of ego function the mannequin for me and so many others who’ve had the privilege of working alongside him. Talking for all of us, we’re grateful for all he has completed – and can proceed to do – to develop our firm and higher our communities.”

Greg Marcus, the third era of the Marcus household to steer the corporate, joined The Marcus Company in 1992. He was elected to the board of administrators in 2005, promoted to president in 2008 and has served as president and chief govt officer since 2009. He obtained a bachelor’s diploma in accounting from Indiana College in 1986 and a legislation diploma from Boston College Faculty of Legislation in 1989. Referred to as probably the most influential enterprise leaders in Wisconsin and the industries by which the corporate competes, Greg Marcus is actively engaged in numerous civic and charitable organizations, together with the Better Milwaukee Committee, United Means of Better Milwaukee & Waukesha County, United Performing Arts Fund, the Wisconsin Middle District, and extra.

“Greg’s expertise, management and strategic strategy are key contributors to the corporate’s monitor report of driving shareholder worth,” mentioned Philip Milstein, lead unbiased director of The Marcus Company board of administrators. “The Marcus board is assured that now could be the proper time for Greg to develop into chairman as we proceed to advance the corporate’s progress and efficiency.”

The present members of The Marcus Company Board of Administrators are:

  • Greg Marcus, chairman, president and chief govt officer of The Marcus Company
  • Diane Marcus Gershowitz, actual property supervisor and investor
  • Timothy Hoeksema, retired chairman, president and chief govt officer of Midwest Air Group, Inc.
  • Allan “Bud” Selig, commissioner emeritus of Main League Baseball
  • Bruce Olson, retired senior vice chairman of The Marcus Company and retired president of Marcus Theatres
  • Philip Milstein, principal of Ogden CAP Properties, LLC
  • Brian Stark, former founding principal, chief govt officer and chief funding officer of Stark Investments
  • Katherine Gehl, former president and chief govt officer of Gehl Meals, Inc.
  • Austin Ramirez, chief govt officer of Husco Worldwide

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