New Frontier Media, Inc. (NOOF) announced that the employment of the Company's Chief Executive Officer, Michael Weiner, has been terminated.
In addition, Weiner has been replaced as Chairman of the Board by Alan Isaacman, who is the founder and senior member of the Los Angeles-based law firm of Isaacman, Kaufman & Painter, P.C. and has been a director of New Frontier Media since 1999, the company stated.
Further, New Frontier said a committee of its Board of Directors will oversee the process for the identification and selection of the next Chief Executive Officer of New Frontier Media. In the interim, the duties of Chief Executive Officer will be shared by Grant Williams, the Company's Chief Financial Officer, Marc Callipari, the Company's Chief Legal Officer, and Scott Piper, the Company's Chief Technology Officer.
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