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Cinram Taps Brown as President, CEO

10 Jun, 2009 By: Chris Tribbey

Toronto-based replicator Cinram has named former automobile manufacturer supplier CEO Steven Brown as its president and CEO, effective June 15.

Brown replaces David Rubenstein, who resigned as trustee and CEO March 31 after Cinram posted a fiscal 2008 loss of nearly $34 million, blaming the losses on the lower average selling prices for DVDs, lower replication demands and lower demand for high-definition packaged media with the loss of HD DVD.

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