The Globe and Mail reports in its Thursday, Sept. 24, edition that Cineplex announced on Wednesday that Bill Walker, who previously led rival Landmark Cinemas, will take over as chief executive officer, effective immediately, replacing Ellis Jacob. The Globe's Susan Krashinsky Robertson writes that as well, the board says it plans a strategic review that "will consider a range of alternatives, including, but not limited to, a potential sale of the company." Mr. Walker led Landmark Cinemas for nine years. This is not the first time that Cineplex has been on the market. In 2019, Cineworld reached a $2.2-billion deal to acquire the company, before pulling out of the agreement months later as the pandemic shocked the industry. Cineplex's stock price has not fully recovered from that shock. After rising to $34.10 shortly after the Cineworld deal was announced, the shares plunged to an all-time low of $4.54 in the fall of 2020. Reaction to the news on Wednesday was muted, with the share price finishing off 49 cents at $12.25. Cineplex has hired co-financial advisers Goldman Sachs and TD Securities as it undertakes the review. Goodmans LLP will act as legal counsel. The company has not set a timeline for the process.