The long-time executive will step down as chairman and retire from the board when his term expires on May 3. Kim Williams will become chair of the board, effective the same date.
It is a difficult day at WarnerMedia, which is undergoing a round of major layoffs, part of a companywide restructuring spearheaded by new CEO Jason Kilar. As part of realignment, leaving the company are (l-r) Jeffrey R. Schlesinger, president, Warner Bros. Worldwide Television Distribution; Ron Sanders, president, Worldwide Theatrical Distribution & Home Entertainment and EVP, International Business Operations; and Kim Williams, EVP and chief financial officer, Warner Bros. Entertainment.
As WarnerMedia’s John Stankey searches for a new studio chief following Kevin Tsujihara’s Monday exit as Warner Bros. chairman-CEO, he has put studio execs Toby Emmerich, Peter Roth and Kim Williams in charge.