BOCA RATON, FL-Cinema chain Muvico Theaters plans to increase its number of screens from its current 233 to 353 during the next five years as it opens units in new markets. As it grows, the company has also promoted a number of executives into new posts.

Long-time investor and board member Joseph Amaturo was named chairman of the chain. Michael Whalen, formerly chief financial officer, was promoted to president. Additionally, four high-level, vice-president positions were filled through company promotions.

Though Muvico only has 12 theaters, the chain has caught the attention of some of the country’s largest retail developers. Future theaters are planned at two Simon Property Group projects and one Forest City Enterprises development.

All of Muvico’s theaters are on the East Coast, but it is moving West. Muvico is opening a 110,000-sf unit in Rosemont, IL, a Chicago suburb, next spring. Executives have said that the company has not ruled out moving further West, depending on whether or not it finds the right sites. Other cinemas are planned for Bethlehem Township, PA; Secaucus, NJ; and Bonita Springs, Boynton Beach and Sarasota, FL.

The company started in 1984 with a three-screen theater in Coral Springs, FL, and grew to eight screens throughout the next 10 years. Muvico’s biggest growth spurt came in 2000, when it opened five new facilities.

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