21st Century Fox (FOX) Announces Timing for Completion of Chairman and CEO Ascension at Twentieth Century Fox Film

August 23, 2016 5:11 PM EDT
Get Alerts FOX Hot Sheet
Trade FOX Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

21st Century Fox (Nasdaq: FOXA)(Nasdaq: FOX) announced that it will complete its previously announced leadership succession at Twentieth Century Fox Film on September 1, 2016 when Stacey Snider assumes the role of Chairman and CEO.

Longtime executive Jim Gianopulos, the Chairman and CEO of 20th Century Fox Film, has chosen to step down from his current post earlier than planned, allowing for a more immediate transition of leadership for the film studio.

Snider, who has served as the film studio’s Co-Chairman since November 2014, will oversee all areas of the film studio, including the studio’s five production divisions, global marketing and distribution and home entertainment.

“We are incredibly grateful to Jim for his many contributions to our film business over his storied career at the studio and wish him much success on his next endeavors,” said Lachlan Murdoch and James Murdoch. “We are fortunate to have Stacey with us to lead the studio into its next chapter and are confident we will see great success under her headship.”

“I am so grateful to Jim for his guidance and friendship since I joined Fox,” said Stacey Snider. “We will all miss his wisdom and business instincts and wish him the best in whatever endeavors he takes on next. I am truly excited to embark upon this new challenge and look forward to building upon, with all my colleagues, the awesome legacy 20th Century Fox has carved into the foundation of this industry.”

“After 25 years at the studio, and 16 years as Chairman/CEO, I have experienced the greatest joys, successes and thrills that this business can offer. I am grateful for the opportunities the Murdochs have afforded me, and to all of my friends and colleagues at Fox, past and present. I am confident that the studio will flourish with the films Stacey and I have put in production and development, together and the films she and Fox’s great executives and filmmakers will produce in the future. I will miss the place where I have spent the majority of my career, and I wish everyone at Fox the best of success, health and happiness going forward,” said Jim Gianopulos.

About Jim Gianopolus

Gianopulos served as Chairman and CEO of 20th Century Fox Film since 2000, overseeing all feature film production, marketing, and global distribution of film and television content in all media. During his time as Chairman and CEO of Fox the studio had its most profitable years ever, and in 2014, Fox broke the all-time industry global box-office record, earning more than $5.5 billion. In 2015, the studio had the distinction of earning an industry leading 30 Academy Award nominations for such films as The Martian, The Revenant and Brooklyn.

During his tenure at the studio, Mr. Gianopulos oversaw a broad range of successful films, including most recently Deadpool, The Martian, Kingsman: The Secret Service, as well as SPY, Birdman, X-Men: Days of Future Past, Life of Pi, Rise of the Planet of the Apes, The Fault in Our Stars, The Grand Budapest Hotel, Gone Girl, the Night at the Museum series, the Ice Age animated franchise, The Simpsons Movie, Borat, The Day After Tomorrow, Walk the Line, the Star Wars Trilogy: Special Edition, The Descendants, and Moulin Rouge, among many others. He also championed two of the biggest gambles, and the two highest grossing films of all time: Avatar and Titanic.

Prior to his current post, Mr. Gianopulos served as President of Twentieth Century Fox International, a position he held from 1994-2000. Among the many notable achievements during Mr. Gianopulos’ tenure at Fox International was leading the studio’s global expansion and the release of the Oscar winners Titanic and Braveheart, and at one time having four of the five biggest box office films internationally.

About Stacey Snider

Snider joined Fox after eight years as CEO and co-chairman of DreamWorks Studios, where she was a partner with Steven Spielberg. At DreamWorks, Snider oversaw creative and financial aspects of all film development and production for the studio including a wide range of commercially successful and critically acclaimed films. Among the many highlights of her tenure there are Lincoln, co-produced with 20th Century Fox, directed by Spielberg, and starring Daniel Day-Lewis, who won an Oscar for his portrayal of the 16th President of the United States; The Help, Clint Eastwood’s Flags of Our Fathers and Letters from Iwo Jima; Dreamgirls, War Horse; The Hundred-Foot Journey; and the musical Sweeney Todd. Snider also oversaw the box-office hits Tropic Thunder, Transformers and Eagle Eye.

Prior to joining DreamWorks in 2006, Snider served as chairman of Universal Pictures, where, during her tenure running the studio she experienced notable success with a consistent output of films that were global box-office hits, while garnering wide critical praise. Erin Brockovich, A Beautiful Mind, Seabiscuit, Ray, Lost in Translation, and Brokeback Mountain were among the films that won critical and Academy Award recognition. Some of the franchises she originated and oversaw include The Bourne series, The Mummy series, the American Pie series, The Fast and the Furious series, and the Meet the Parents series.

Before she came to Universal, Snider was president of TriStar Pictures, where she worked on such films as Jerry Maguire, Sleepless in Seattle, As Good As It Gets and Philadelphia. She came to Tri-Star following her position as executive vice president of Guber Peters Entertainment.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News, Management Changes, Management Comments

Add Your Comment