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Legendary East CEO Peter Loehr Steps Down

Executive will depart in June, Wanda’s Jack Gao says

Legendary East CEO Peter Loehr is stepping down, a person close to the project told TheWrap.

The executive will resign his post as of June 1, according to Jack Gao, a top-ranking executive at the company’s corporate owner Dalian Wanda.

“We are grateful to Peter for his contributions and service building out a platform and awareness for Legendary’s brand in China and wish him great success in all future endeavors,” Gao, an SVP of International Investments and Operations for Wanda Cultural Industry Group, said in a statement late Thursday.

Loehr’s replacement will be announced imminently, Gao added.

Loehr is a Westerner entrenched in China, having run a satellite office for CAA from 2005 to 2012, when he boarded the Legendary subsidiary. It’s unclear where he’ll move next — though it’s interesting to note that less than a month ago CAA announced a full service China division backed by CMC Capital Partners.

“I am enormously proud of everything that we have accomplished during my tenure at Legendary and feel extremely fortunate to have had the chance to work with the smart, innovative and incredible teams at both Legendary and Wanda,” Loehr said.

Legendary East is responsible for distributing and marketing Legendary Pictures titles in the Chinese market, and producing big budget Sino-U.S. co-productions.

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