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Restructured MGM Names Lead Director

Jaclyn Jaeger | December 29, 2010

Metro-Goldwyn-Mayer (MGM), has named Ann Mather, former chief financial officer of Pixar Animation Studios, as lead director on the MGM nine-member board.

Mather's appointment follows MGM's restructuring earlier last week, after the entertainment company filed for bankruptcy Nov. 3. The company announced that its "pre-packaged" plan of reorganization was confirmed on Dec. 2 by the U.S. Bankruptcy Court for the Southern District of New York. 

Other new members of MGM's board include co-chief executives Gary Barber and Roger Birnbaum, formerly of Spyglass Entertainment; former CBS chief financial officer, Fredric Reynolds; and former MySpace co-president, Jason Hirschhorn. The remaining seats are controlled by billionaire investor Carl Icahn; CEO of Anchorage Capital Group, Kevin Ulrich; Patrick Daugherty of Highland Capital Management; and...

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