While it remains in the Chapter 11 bankruptcy process, audio giant iHeartMedia has announced the members of its newly formulated board of directors, a group that includes former MGM boss Gary Barber and ex-Disney exec Jay Rasulo.
Noting that the board selections are subject to the approval of the company’s reorganization plan by the bankruptcy court, the company said the current board will continue to serve until iHeart emerges from Chapter 11.
New directors include Barber, who was abruptly ousted as head of MGM earlier this year but also had a notable run as a partner in production outfit Spyglass Entertainment; and Rasulo, who was CFO at Disney until exiting in 2015. They will join returning iHeart board members and execs Bob Pittman and Rich Bressler as well as three new additions with strong business backgrounds but much lower Hollywood quotients: Brad Gerstner, Sean Mahoney and Kamakshi Sivaramakrishnan.
“We are excited...
Noting that the board selections are subject to the approval of the company’s reorganization plan by the bankruptcy court, the company said the current board will continue to serve until iHeart emerges from Chapter 11.
New directors include Barber, who was abruptly ousted as head of MGM earlier this year but also had a notable run as a partner in production outfit Spyglass Entertainment; and Rasulo, who was CFO at Disney until exiting in 2015. They will join returning iHeart board members and execs Bob Pittman and Rich Bressler as well as three new additions with strong business backgrounds but much lower Hollywood quotients: Brad Gerstner, Sean Mahoney and Kamakshi Sivaramakrishnan.
“We are excited...
- 11/14/2018
- by Dade Hayes
- Deadline Film + TV
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