Lionsgate CEO Jon Feltheimer Re-Ups Through May 2018

Exec will extend 13-year tenure at head of studio

By Andrea Morabito -- Broadcasting & Cable, 6/3/2013 10:07:06 AM

Lionsgate CEO Jon Feltheimer has signed a new long-term agreement to remain with the studio through May 2018, the company announced Monday.

Feltheimer has led Lionsgate as CEO for 13 years, during which time the studio has launched 28 TV series on 20 different networks such as Mad Men, Weeds and Anger Management. During his tenure, the studio's market capitalization increased from $80 million to nearly $4 billion, according to the company.

"We believed in Jon's early vision of how to best position Lionsgate to grow and adapt to a rapidly changing industry," said Lionsgate chairman of the board Dr. Mark Rachesky. "He has successfully executed on a business plan which required discipline, patience and investment in all of the Company's key business segments in order to create highly valuable content and long-term value for shareholders."

Feltheimer joins vice chairman Michael Burns, co-COOs Steve Beeks and Brian Goldsmith and general counsel and chief strategic officer Wayne Levin in signing new long-term agreements with Lionsgate in the past year.