PANAVISION APPOINTS KIMBERLY SNYDER AS CEO

Woodland Hills, Calif., November 13th, 2012 – Panavision announced today that its Board of Directors has appointed Kimberly Snyder as a Board Member, President and Chief Executive Officer of the company.

"Kim is a well-known leader in the entertainment industry, and we are thrilled that she is joining Panavision,” said Joe Matza, member of the Panavision Board of Directors. “Kim has a track record that demonstrates her remarkable talent and leadership skills, and I look forward to working with her as Panavision expands its global business and while continuing the customer-driven track record of innovation for which the company is famous.”

Prior to joining Panavision, Ms. Snyder served as the President and General Manager of Kodak’s Entertainment Imaging Division, responsible for all aspects of Kodak’s business with the motion picture and television industry.

“Panavision is an industry leader, passionately committed to excellence in customer service and innovation”, said Snyder. “I’m honored to join the Panavision team and look forward to leading the company as we strive to serve the needs of cinematographers, production companies and studios around the world in new and exciting ways.”

Dominique Mielle, Managing Director and Senior Portfolio Manager of Panavision equity investor Canyon Capital Advisors, said, “We are excited to have Kimberly on board not only because of her extensive industry experience, but also because of her strategic view of business and future technology.”

Bob Davenport, Senior Managing Director of Panavision equity investor Cerberus Capital Management added, “Kim is a great fit for Panavision, and her leadership will help the company accelerate innovation and continue its intense focus on executing day in and day out for its customers.”