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Gregory Marcus succeeds father at helm of company

Published January 6, 2009 - BizTimes Daily

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The Marcus Corp. today announced that its board of directors has elected company president Gregory Marcus, 44, as chief executive officer of the firm.
His father, Stephen Marcus, 73, will continue to serve as chairman.
Gregory is the third generation of the Marcus family to serve as CEO of the Milwaukee theater and hospitality company, which was founded by Stephen's father, Ben Marcus, in 1935.
Gregory had been serving as president of the company since last January. As part of his additional responsibilities as CEO, the executives who are responsible for the firm's two main operating divisions, Bruce Olson, president of Marcus Theatres, and Bill Otto, president of Marcus Hotels and Resorts, will now report to Gregory.
Stephen will continue to serve on the company's investment committee and work on the development of the firm's strategic initiatives.
"Since joining the company in 1992, Greg has had a significant role in helping us get to where we are today. He is a strong leader who understands our business, our culture and our people. All of us who have worked with Greg throughout the years have experienced first-hand his enthusiasm, knowledge and pride in the company. I am confident that under Greg’s leadership we will continue to build on our 73 years of growth and success," said Stephen, who had been president and CEO since 1988.

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