Helped orchestrate Lionsgate acquisition of Summit Entertainment
Lionsgate vice chairman Michael Burns has signed a new long-term employment agreement extending through October of 2017, the company announced today.
Burns joined Lionsgate’s board of directors in 1999 and became vice chairman in March 2000. He recently helped orchestrate the acquisition of Summit Entertainment, and helped arrange a new $800 million revolving credit facility and paying down the $500 million Summit loan more than two years early.
“We’re delighted that Michael will continue to help guide Lionsgate’s growth through 2017,” said CEO John Feltheimer. “From serving as our public face on Wall Street to reducing our cost of capital to helping spearhead our transition to a digital world, Michael is the best partner I could ask for, and he works tirelessly to create long-term shareholder value.”