In making the appointment, President of STX Entertainment Sophie Watts said, "Rich has been pivotal in STX's ongoing and aggressive growth and diversification as we lead the industry in transforming beyond traditional platform-driven content to creating talent-driven enterprises. In this new post, we will rely on Rich to lead key innovations that will accelerate the frictionless movement of creative experiences across all platforms."
Sullivan will continue to perform the duties of the CFO role until a successor is named. Prior to joining STX Entertainment, Sullivan was a senior executive at DreamWorks Animation where he served as its Deputy Chief Financial Officer. Over his tenure, his areas of responsibility have included corporate finance, treasury, investor relations and corporate strategy, playing a significant role in the company's digital acquisitions of Awesomeness TV and the talent-driven digital company Big Frame.
ABOUT STX ENTERTAINMENT
STX Entertainment is a global next-generation media company whose mission is to unlock the value of the direct connection stars have with their fans through the development, financing, production, marketing and distribution of film, television, VR, digital video, music and live entertainment content. It is the industry leader in transforming beyond traditional platform-driven content to creating talent-driven enterprises.
The company is led by accomplished businessman Robert Simonds and was co-founded by Bill McGlashan, managing partner of the leading global private investment firm TPG. Other investors include Hony Capital, a leading private equity firm in China; PCCW, Southeast Asia's largest Internet and cable services provider; Tencent Holdings, China's leading provider of online products and services; Dominic Ng, Chairman of East West Bank; DNS Capital (representing the business interests of Gigi Pritzker and her immediate family); and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others. With these strategic relationships, the company is uniquely positioned to maximize the impact of content worldwide, with direct passage into the China market.
For more information, please visit https://www.stxentertainment.com/.
Elzer & Associates
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SOURCE STX Entertainment