Cineworld has announced that after three and a half years, chief financial officer Philip Bowcock is leaving the business to pursue other interests.

It also said that it had continued to trade in line with expectations since its recent trading update.

During his time at the company, Bowcock, who was formerly finance director of Luminar, was instrumental in the acquisition of Picturehouse and combination with Cinema City which saw Cineworld become the second largest cinema operator in Europe and enter the FSTE 250.

Deputy chief executive Israel Greidinger, formerly chief financial officer of Cinema City International before its combination with Cineworld in February 2014, will assume the Bowcock’s responsibilities on an interim basis until a permanent successor has been appointed.

The group said that a search for an appropriate candidate will begin immediately.

At the same time, Fiona Smith, who joined the company as In House Counsel in 2011, has been appointed as company secretary and general counsel, with effect from 30 June 2015.

Tony Bloom, chairman of Cineworld, said: “I would like to thank Philip for his contribution as CFO of Cineworld and on the Group’s Board. As leader of the finance function through a sustained period of strong growth he has played an important part in the development of Cineworld to become one of Europe’s leading cinema groups, not least by playing a significant role in the combination with Cinema City and the subsequent integration of the two businesses. We wish him every success in his next challenge.

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