RHI Entertainment Names Interim Management Team
New Leadership Driven by Long-Term Strategic Vision and Supported By Strong Capitalization
NEW YORK, July 26, 2011 - RHI Entertainment has named a new interim management team, with appointments effective immediately. The announcement was made today by Gabriel de Alba, Chairman of the Board of Directors.
The appointment of members of the Office of the CEO reflects the company's transition to a new management team that will develop a long-term focus on business and creative strategy, development and execution. In making the announcement, de Alba emphasized that the company is strongly capitalized and positioned for growth. The Office of the CEO will be comprised of industry veterans Mike Corrigan, David Salzman and Stewart Till, all of whom have previously served on the company's Board of Directors.
RHI was successfully recapitalized in April and is rolling out a new slate of original productions headed by two event miniseries: "Neverland," which stars Rhys Ifans, Anna Friel, Bob Hoskins and Keira Knightley and "Treasure Island," whose all star cast includes Eddie Izzard, Elijah Wood and Donald Sutherland. "Neverland" debuts in the U.S. on Syfy and in the U.K. on Sky Movies HD later this year. "Treasure Island" debuts in the U.S. on Syfy in early 2012 and in the U.K. on Sky1 HD later this year. Both productions will also be seen on major broadcast networks worldwide.
"This triumvirate of top notch executives is eminently equipped to assume the interim leadership of RHI and establish a lasting foundation for not only maintaining its position as the leading provider of original long-form productions but also as a global supplier of a wider range of content across the full media spectrum," said de Alba. "The ownership of the company views its investment in and commitment to RHI as a platform for the creation of a broad based television content production and distribution company."
"We are excited about the opportunity to lead the organization to the next level," said Corrigan, Salzman and Till in a joint statement. "We will leverage the company's tremendous team and existing asset base, reach out to the creative community as never before and use the substantial financial capital available to us to build on the framework already in place."
All three members of the Office of the CEO have significant industry experience, including successful turnarounds of production and distribution companies. Mike Corrigan is a long time executive in the independent film and television space and a former Chief Financial Officer of Metro Goldwyn Mayer. David Salzman, co-founder of Lorimar Telepictures, was CEO of four successful entertainment and media companies. At Lorimar, he ran America's #1 studio for six consecutive years. He has produced or overseen more than twelve thousand hours of television content from "Dallas," "Knots Landing," "Full House" and MADtv to the Academy Awards, Presidential Inaugurals and over two hundred movies and miniseries. Stewart Till is currently non-executive Chair at Icon UK and Chair of Skillset. His previous roles have included President of International at Polygram, Chair of the UK Film Council and Chief Executive at UIP.
About RHI Entertainment
RHI Entertainment, Inc. develops, produces and distributes made-for-television movies, miniseries and other television programming worldwide, and is the leading provider of new long-form television content in the United States. RHI has produced and distributed thousands of hours of quality television programming, and RHI's productions have received more than 100 Emmy Awards. In addition to the development, production and distribution of new content, RHI owns rights to over 1,000 titles comprising more than 3,500 broadcast hours of long-form television programming, which are licensed to an array of networks and platforms in every country and territory all over the world.