Ben Marcus named Director Emeritus of The Marcus Corp.; Bruce J. Olson elected to Board of Directors.MILWAUKEE, Wis.--(BUSINESS WIRE)--April 1, 1996--The Marcus Corporation The Marcus Corporation (NYSE: MCS)is a publicly held company with two divisions, Marcus Theatres and Marcus Hotels and Resorts. Stephen H. Marcus, son of the company's founder, is chairman and chief executive officer. (NYSE NYSE See: New York Stock Exchange : MCS) today announced that its Board of Directors has elected company founder Ben Marcus Ben Marcus (born 1967) is an American writer of surreal (as distinct from surrealist) fiction. Seemingly the most conspicuous aspect of Ben Marcus' work, to date, is its expansion on one of the most primary concerns of the original Surrealist authors -- perhaps most typified to the newly-created position of Director Emeritus. Bruce J. Olson, group vice president of the corporation, has been elected a Director, effective April 1, 1996, to fill the position vacated by Mr. Marcus' retirement. Ben Marcus continues to act as a consultant to the company. "After 60 years of leadership, Ben's gift to The Marcus Corporation and its employees is a strong, successful company with a bright future. His high standards and commitment to quality, service and value are the principles that guide the company today," said his son, Stephen H. Marcus, chairman and chief executive officer of The Marcus Corporation. Ben Marcus founded the company in 1935, when, at the age of 24, he opened the Campus Theatre in Ripon, Wisconsin Ripon is a city in Fond du Lac County, Wisconsin, United States. As of the 2000 census, the city population was 6,828. The city is located within the Town of Ripon. History Founding . He served as president and chief executive officer from 1935 to 1980 and as chairman until his retirement in 1991, continuing as a director until his election as Director Emeritus. As he led the company through years of growth and change, Marcus became known for his ability to recognize emerging trends and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. them. He expanded the movie theatre business in the 1950s while other owners were selling due to the impact of television. He entered the restaurant business with the popular Big Boy chain in 1958 and Kentucky Fried Chicken Fried chicken is chicken which is dipped in a breading mixture and then deep fried, pan fried or pressure fried. The breading seals in the juices but also absorbs the fat of the fryer, which is sometimes seen as unhealthy. in 1960. He opened his first motel in 1960, which in 1973 became the foundation for the company's highly successful Budgetel Inns division, and in 1962, he purchased the Pfister Hotel in Milwaukee, which marked the company's entry into the hotel business. Active in trade associations and the community, Marcus has received numerous awards for his involvement, including the Horatio Alger award The Horatio Alger Award is an American award, given to individuals who have succeeded in the face of adversity. It is named for the author of rags-to-riches dime novels, Horatio Alger, Jr. External link
Olson, 46, has served as group vice president of The Marcus Corporation, president of Marcus Theatres Corporation and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company's restaurant division since 1989. Since joining the company in 1974, he has held positions including vice president of marketing, vice president of administration and planning and several management positions with Marcus Theatres Corporation. A graduate of Marquette University, Olson is secretary and a director of the National Association of Theatre Owners of Wisconsin. He is also active in numerous civic organizations and charities. Olson is a resident of Mequon, Wisconsin. Headquartered in Milwaukee, Wisconsin, The Marcus Corporation is comprised of four divisions: motels, movie theatres, hotels/resorts and restaurants. The company operates and franchises 120 Budgetel Inns in 26 states and three Woodfield Suites in Wisconsin and Colorado; 219 movie screens in Wisconsin and Illinois; four hotels in Wisconsin and Minnesota and the Grand Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. Resort & Spa in Wisconsin; and 31 KFC KFC Kentucky Fried Chicken (restaurant chain) KFC Kenya Flower Council KFC Kitchen Fresh Chicken (Kentucky Fried Chicken motto) KFC Kung Fu Cult (Cinema) KFC Kitchen Fixed Charge restaurants in Wisconsin. For fiscal 1995, revenues were $278.0 million and earnings were $24.1 million or $1.23 per share. To receive Marcus Corporation news releases free of charge via fax, dial 1-800-867-1481. Company news is also available on-line at: http://www.hnt.com/bizwire/cnn/mcs.htm NOTE: There should be two slashes between "http:" and "www" in the World Wide Web address listed above. These symbols may not print properly on some computer systems. CONTACT: The Marcus Corp., Milwaukee Tom Kissinger, 414/274-0390 |
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