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Former TNT-TBS Chief Michael Wright Replacing Stacey Snider at DreamWorks

The television executive worked with Steven Spielberg on series including “Falling Skies” and “Into the West”

DreamWorks named Michael Wright as its new CEO, ending a long period of speculation as to who would replace Stacey Snider as she exits for 20th Century Fox.

Wright will report directly to Steven Spielberg. The director worked with him on several DreamWorksTV series that aired on TNT, including “Into the West” and “Falling Skies.” Wright will oversee all creative operations at the studio. He will assume the new post on Jan. 3rd, 2015.

Also read: DreamWorks Meets With Candidates for Post-Stacey Snider Regime (Exclusive)

“I have had the pleasure of working alongside Michael for many years and have come to know him as a talented executive whose creative vision, leadership, and passion are a perfect fit for our company,” said Spielberg in a statement. “He has a keen understanding of storytelling and how to deliver those stories in every shape and size, regardless of platform. I am delighted to welcome him to DreamWorks Studios.”

Wright, who served as programming president for TNT, TBS and TCM, will not be a partner at the studio and will have no involvement in DreamWorks’ Amblin TV operations.

Also read: Participant Joining DreamWorks on ‘The Light Between Oceans,’ Untitled Steven Spielberg Thriller

Many believed the post would be handed to DreamWorks’ production president Holly Bario, who had been overseeing the creative operations as Snider readied for her departure at the end of 2014. While she will not be taking the position, Bario will remain at DreamWorks.

Stacey Snider has been an important part of my life for two decades and I want to acknowledge her many accomplishments at the company as well as her friendship and counsel which have been so important to me,” Spielberg continued.  “I’d also like to express my appreciation for her guidance and support throughout the transition.”