Mr Scrimgeour became chief executive of Everyman Media Group in January 2021 after heading French restaurant chain Cote Brasserie since 2015.
In its trading update earlier this month, the firm said trading at the end of the year had been “weaker than anticipated”. As a result, it expected revenues of £114.5m for 2025 and underlying earnings of at least £16.8m, down from previous forecasts of £121.5m and £19.9m respectively.
Chairman Philip Jacobson said Mr Scrimgeour had “played a pivotal role in the team that successfully led the business through its recovery from Covid, more than doubling revenue”.
Dan Coatsworth, head of markets at AJ Bell, said the outgoing boss had to “deal with a succession of crises from day one” including the cost-of-living, as well as the the pandemic.
However, he added: “The share price fell by 76% during his tenure and time had run out.
“While the cinema industry did manage to regain some of its sparkle post-pandemic, Everyman lost its edge in the market.”
Mr Coatsworth said the upmarket chain had once offered “a unique proposition”, but had since been copied by rivals, including Vue and Odeon, which have installed reclining seats and “also rolled out bars inside their cinemas”.
He added that it would be interesting to see if Blue Coast Private Equity, which owns a 29% stake in Everyman, would buy the chain, “opting to remove it from the public spotlight to enact a turnaround programme”.
