SANTA MONICA, Calif.
Sept. 20, 2013
/PRNewswire/ -- Lionsgate Chief Financial Officer
, a 25-year veteran of Lionsgate (NYSE: LGF) and its predecessor companies, has announced his retirement effective
October 1, 2013
. The Company has asked him to remain as a consultant until
January 3, 2014
to assist with the transition to his successor.
James W. Barge
has been named Chief Financial Officer effective
, reporting to Lionsgate Chief Executive Officer
. Barge served as Executive Vice President and Chief Financial Officer of Viacom Inc. from 2010-2012 and Executive Vice President, Controller, Tax and Treasury, from 2008-2010. He previously had a 13-year tenure at Time Warner, ultimately serving as Time Warner Senior Vice President, Controller and Chief Accounting Officer. Prior to his tenure at Viacom and Time Warner, Barge spent 13 years at Ernst & Young, where he rose to the positions of industry leader of the Consumer Products Group and Regional Partner.
has provided 25 years of exemplary service to the Lionsgate family, and he will be missed," said Feltheimer. "When he decided to retire, we were fortunate that
was already working with us on a number of financial initiatives and was available to hit the ground running as our new CFO. Jimmy has tremendous experience guiding the financial operations and strategies of leading major entertainment companies, and he will be a valuable and experienced addition to our management team."
Keegan led Lionsgate's financial team during a period in which the Company continues to significantly delever its balance sheet, paying down its
Summit term loan more than two years early and refinancing most of its other debt. Lionsgate announced a new five-year,
revolving credit facility with a JPMorgan-led syndicate of banks last year. The Company reported its best financial results ever in the fiscal year ended
March 31, 2013
Barge is a member of the Advisory Council for the SEC Institute and a past member of the Financial Executive Institute's Committee on Corporate Reporting. He also serves as chair of the Nominating and Governance Committees of the Board of Directors of Scholastic Corporation. A summa cum laude graduate of the
University of Georgia
, he is a distinguished practitioner lecturer for the
University of Georgia's
of Business and is a member of the
University of Georgia
Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has 30 television shows on 20 different networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning
, the comedy
, the broadcast network series
, the syndication success
The Wendy Williams Show
and the critically-acclaimed new series
Orange Is The New Black
Its feature film business has been fueled by such recent successes as the blockbuster first installment of
The Hunger Games
The Twilight Saga Breaking Dawn
Part 2, Now You See Me
Kevin Hart: Let Me Explain, Warm Bodies, Snitch, Texas Chainsaw 3D
The Expendables 2
The Possession, Sinister, Arbitrage
and Pantelion Films' breakout hit
Instructions Not Included,
one of the highest-grossing Spanish-language films ever in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.