1 June 2012 11:41 AM, PDT | The Wrap | See recent The Wrap news »

Kathleen Kennedy will join George Lucas as a co-chairmen of Lucasfilm, the company announced on Monday. Though Lucas will remain CEO of the company he founded, the move advances his planned retirement, something he has mentioned on several occasions. Lucas and Kennedy will jointly run the film production side of the company while Micheline Chau will continue to run day-to-day operations as president and COO. Kennedy will leave her post at her production company, Kennedy/Marshall, which she founded with husband Frank MarshallLucas will transition over the next year or two, a company spokesperson told »

- Lucas Shaw

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