Media and entertainment company Time Warner Inc. (TWX) on Monday named Kevin Tsujihara as the next chief executive officer of Warner Bros. Entertainment, effective March 1. Tsujihara will succeed Barry Meyer, who will continue as chairman through 2013.
Tsujihara is currently president of Warner Bros. Home Entertainment Group, a post he has held since 2005, and oversees the company's home video, digital distribution, videogames, anti-piracy, and emerging technology operations. Tsujihara will work together with Meyer, as well as other members of Warner Bros. senior executive team to ensure a smooth transition.
Commenting on the appointment, Time Warner CEO Jeff Bewkes said, "Kevin is one of the most effective and respected executives within Time Warner, and the right leader to ensure Warner Bros.' preeminence into the future..."
Tsujihara joined Warner Bros. in 1994 as director, Special Projects, Finance to assist in the management of the company's interest in Six Flags. In his nearly two decades with the company, he has served as executive vice president, Corporate Business Development & Strategy, Warner Bros. Entertainment and, executive vice president, New Media.
Time Warner is trading at $50.28, down 0.24%, on a volume of 2.52 million shares on the NYSE.
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