MGM has re-upped Chairman and CEO Gary Barber for another five years through December 2022, the company announced Thursday.
Under Barber, who joined the company in 2010, MGM’s television studio has produced critically acclaimed shows like the Emmy-winning “The Handmaid’s Tale” and “Vikings,” and the crown jewel of its film business, the James Bond franchise, has also thrived. “Skyfall” grossed more than $1.1 billion worldwide, while the latest installment, “Spectre,” reeled in more than $880 million. MGM also acquired premium cable network Epix this summer in a $1.2 billion deal.
“Gary is a dynamic leader and during the past seven years, MGM has regained its prominence as a leading entertainment company,” Kevin Ulrich, Chief Executive Officer of Anchorage Capital Group and MGM’s newly appointed chairman, said in a statement. “He has developed a focused, strategic vision, which combined with a strong financial discipline, has positioned MGM for future growth and innovation. We have every confidence he will continue to lead this company in an exemplary fashion.”
“MGM has a great legacy and leading this tremendous organization has been among the most rewarding experiences of my career.” Barber said in the statement. “Kevin and the Board’s support have been invaluable as we continue to execute on the company’s strategic initiatives. I am also very proud of the world-class team we have here at MGM, whose passion, creativity and contributions cannot be overstated. I look forward to working with them to drive the company to new heights.”