Ymagis Group Names Georges Garic New Deputy CEO

6 January 2016

YMAGIS Group (ISIN: FR0011471291 TICKER: MAGIS), the European specialist in digital technologies for the cinema industry, today announced the appointment of Georges Garic as its new Deputy Chief Executive Officer. For the past three years, Garic was Executive Vice President and President, EMEA of international electronic manufacturing services (EMS) company Asteelflash.

Georges Garic is an engineer graduated from France’s EISTI Graduate School in Computer Science & Mathematics Engineering. He began his professional career in 1990 at Cartier Industries, where he occupied various high-profile positions in France and Germany. Ten years later, Garic joined Valeo, a multinational automotive supplier, where he successively managed several business divisions. He relocated to the US East Coast in 2004 to head up Valeo’s motors and actuators subsidiary. Shortly after, he joined Asteelflash – 6,000 employees and USD 900 million in revenue – where he was Head of Business Development (2005) and Executive VP, USA & China (2008) before becoming Executive VP of the Group and President, EMEA (Europe, Middle East & Africa) in 2012.

"I am thrilled to have Georges Garic join us at YMAGIS. Not only will he strengthen our management team but he will also will accelerate the synergies among our group’s businesses and prepare it for the next steps in our development," said Jean Mizrahi, President and Chief Executive Officer. "This seasoned professional, with strong skills, has a long and solid international experience in highly-competitive industrial sectors. He has managed businesses in the US, Germany and France, and supervised many subsidiaries in numerous countries, including China."

"I am honored and grateful for this opportunity to lead such a fast-growing and international company," said Georges Garic. "With the help of the existing multi-cultural teams made up of talented, creative and committed professionals, I intend to use my career-long experience in management and businesses operations to quickly achieve our strategic objectives.”

Georges Garic, 50, is based in Paris and reports directly to Jean Mizrahi, President and Chief Executive Officer of YMAGIS Group. Now a member of the Group’s executive committee, his appointment as Deputy CEO of the Group is effective today.

Garic replaces Jean-Marie Dura, who joined the Board of Directors following a General Ordinary and Extraordinary Shareholders’ Meeting on June 30, 2015.

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