Sunday, February 12, 2012
Summit int'l chief David Garrett to exit
A month after Summit merged with Lionsgate, Summit co-founder and president of international David Garrett is preparing to ankle the company, according to sources with knowledge of the situation.Reasons behind Garrett's resignation were not immediately clear, but observers told Variety that the exec became emotional when speaking of the merger last week while attending the Berlin Film Festival. It's unclear when Garrett will formally depart the company.Word of Garrett's move comes as Lionsgate begins the integration of Summit staffers into its film operations, spurring movement among execs from both sides. Last week, Summit's Erik Feig was named production prexy of Lionsgate Motion Picture Group, while the former occupant of that post, Alli Shearmur, is expected to segue to a producing deal.Garrett, Patrick Wachsberger and Bob Hayward officially launched Summit in 1993 as a production, distribution and sales operation. The company's profile grew in recent years as it scored with the "Twilight" franchise and fielded a best-picture Oscar winner with "The Hurt Locker." As recently as this past week, sources indicated that Summit's and Lionsgate's sales operations will continue as is for the rest of 2012, with both operations -- Summit's headed by Garrett and Lionsgate's by Helen Lee Kim -- reporting to Patrick Wachsberger.(Diana Lodderhose contributed to this article.) Contact Rachel Abrams at Rachel.Abrams@variety.com
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