A well-known producer and film executive who is a member of the board of Legendary Entertainment is stepping down after serving a little more than two years. Deadline.com reports that Joe Roth, the former chairman of 20th Century Fox and Walt Disney Studios, is exiting, effective Sept. 25.
“Roth’s departure comes out of a potential governance conflict that he and the company saw could arise from him holding a position on Legendary’s board of directors and as a producer of Legendary Pictures’ upcoming ‘Brilliance’ and ‘Hot Wheels’ pics,” the story says.
Tom Werner, co-founder of Carsey Werner — producers of a string of hits including "The Cosby Show," "3rd Rock" and “That ’70s Show” — and chair of the Boston Red Sox and Liverpool Football Club, will replace Roth, who joined the board in June 2011.
In addition to company founder Thomas Tull and soon Werner, former Walt Disney Studios Chairman Dick Cook, venture capitalist Jim Breyer and Procter & Gamble CEO and Chairman AG Laffley sit on the Legendary board, according to the story.