Thomas McGrath, the chief operating officer with STX Entertainment, has stepped down from his role with the company, an individual with knowledge told TheWrap.
McGrath, who has been with Bob Simonds’s STX since its inception in 2014, left his post on Monday. He will remain a senior advisor to the studio.
McGrath led all aspects of business operations for STX Entertainment, and he’s a former COO at Viacom Entertainment Group and former president of Time Warner International.
He’s also a 7-time Tony Award winner as a theater producer for stage shows such as “Pippin,” “The Gershwins’ Porgy and Bess,” “War Horse,” “Memphis” and “La Cage aux Follies.” He’s further a member of the Recording Academy and the International Academy of Television Arts and Sciences.
In March, STX’s chief brand officer Patti Röckenwagner also left the company to pursue “another opportunity.”
STX was founded in 2015 as a studio focused on distributing mid-budget films at a more cost-efficient price tag than the majors. The studio has had some box-office success with the “Bad Moms” franchise. And STX scored a number one box-office hit with “The Upside” this January, which starred Bryan Cranston and Kevin Hart and was picked up following The Weinstein Company’s bankruptcy. Its most recent domestic release, the animated family film “Uglydolls,” struggled at the box office with just an $8.6 million opening against a $45 million budget.
Opening this weekend for STX is “Poms,” a comedy starring Diane Keaton, Jacki Weaver and Pam Grier.
Variety was first to report news of McGrath’s departure.
Trey Williams contributed to this report.