The move to add former Procter & Gamble president, chairman and CEO A.G. Lafley to its board of directors is the latest significant one for Thomas Tull’s Legendary Entertainment, which has been ramping up in all areas as part of its evolution from a co-financier of Warner Bros films to an enterprise generating its own films released by Warner Bros. The company has also recently branched into TV and comics, and it formed the stand-alone company Legendary East, which is based in Beijing and Hong Kong and will create content for the global marketplace. Most recently, Legendary promoted Jon Jashni to president. Lafley joins Tull, Jim Breyer, Larry Clark, Dick Cook and Joe Roth on the company’s board. Here’s today’s release:
Burbank, CA, October 20, 2011- Legendary Entertainment has named former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble, A.G. Lafley, to its Board of Directors. Mr. Lafley joins a board comprising Legendary’s Chairman and CEO, Thomas Tull, as well as Jim Breyer, Larry Clark, Dick Cook and Joe Roth.
In making the announcement Mr. Tull stated: “I am pleased to welcome A.G. to our board. He is a significant addition during a time of development and opportunity at Legendary.”
Mr. Lafley stated: “I believe in Legendary, and I look forward to working with Thomas, his leadership team, and my fellow directors.”
Mr. Lafley is the former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble. With Lafley at the helm, sales doubled, profits quadrupled, and the Company’s market value increased by over $100 billion dollars making P&G among the most valuable companies in the world. He graduated from Hamilton College in 1969, joined the U.S. Navy in 1970, earned an MBA from Harvard Business School in 1977, and then joined P&G. Mr. Lafley currently serves as Special Partner at Clayton, Dubilier & Rice and as Director of the General Electric Company.
He has been recognized as Chief Executive Magazine’s CEO of the Year, and has received the Peterson Award for Business Statesmanship and the Edison Achievement Award for Innovation. Mr. Lafley is also the co-author of The Game Changer, a book on innovation, and author of Harvard Business Review articles, “What Only the CEO Can Do” and “The Art and Science of Finding the Right CEO.”