Ballantyne Strong Announces Management Team Changes

Ray Boegner, a 30 year veteran with the company has been named to the newly created role of President of the Cinema business. "Ray has knowledge of the cinema industry that is unmatched and has led the cinema sales efforts at Ballantyne Strong for the past 18 years," said Kyle Cerminara, Executive Chairman of Ballantyne Strong. "We're very excited for Ray to take on this expanded role as we continue to build upon our strong position in the cinema industry." Steve Schilling has been named President of the Digital Media business. Mr. Schilling has been working with the Management team and Board of Directors for the past several months to evaluate and recommend new strategies for the company's Digital Media business. Mr. Schilling brings 20 years of experience and leadership in strategy development, business performance optimization and driving sales effectiveness. "Today's announcement represents the next step in the evolution of the business we began earlier in the year," said Kyle Cerminara, Executive Chairman, of Ballantyne Strong. "We have organized the business to intensify focus on key markets, streamline reporting lines, and provide flexibility to adjust the business within the key vertical markets on which we are focused." As a result of these changes, Christopher Stark's position as President of the Ballantyne Strong, Inc. holding company has been eliminated. "I would like to thank Chris Stark for his many contributions to Ballantyne Strong," said Kyle. "Chris has served the company well despite operating in a very difficult environment the past several years. We wish him well."