UPDATE, 8:52 PM: The Academy tonight has also elected Disney/Pixar’s John Lasseter as First VP, the position Cheryl Boone Isaacs held before being voted president earlier in the night by the Board of Governors. Jeffrey Kurland and Leonard Engelman were elected to VP posts, Dick Cook was elected treasurer, and Phil Robinson was elected secretary.  Officers serve one-year terms, with a maximum of four consecutive years in any one office. AMPAS’ full release is below the original break.

PREVIOUS, BREAKING, 6:52 PM… The Academy of Motion Picture Arts and Sciencesnewly selected Board of Governors just made history: it has elected marketing executive Cheryl Boone Isaacs as the new president. She becomes the first black president of AMPAS and only the third woman elected to the post. The Academy sent word via its Twitter feed; Governors are still voting on the rest of their officers and will send the full results of those elections soon. Boone Isaacs, a marketing consultant, has the most AMPAS experience: she currently serves as First VP but has also been VP, Treasurer, Secretary, President of the Academy Foundation, and last year producer of the Governors Awards. She has worked at New Line and Paramount. She replaces current one-term president Hawk Koch, who served nine years on the board but is prohibited from running again as governors are termed out after 9 years. Though there was no formal campaigning for the job, it was clear this election came down to a pair of Public Relations branch candidates: Boone Isaacs and Lionsgate Motion Picture Group co-chairman Rob Friedman. Both were in the running last year with Koch before he got the nod. Neither admitted to being a candidate this week, but Boone Isaacs told Deadline’s Pete Hammond that she would be beyond honored to take on the presidency of the 86-year-old AMPAS. “I would be thrilled and probably react like a schoolgirl if it happened,” she joked.

Here’s the official release:

BEVERLY HILLS, CA – Cheryl Boone Isaacs was elected president of the Academy of Motion Picture Arts and Sciences Tuesday night (July 30) by the organization’s Board of Governors.

Boone Isaacs, who is beginning her 21st year as a governor representing the Public Relations Branch, served as Academy first vice president during the past year. She also produced the 2012 Governors Awards. Boone Isaacs succeeds Hawk Koch, who served a one-year term as president.

In addition, John Lasseter was elected first vice president; Jeffrey Kurland and Leonard Engelman were elected to vice president posts; Dick Cook was elected treasurer; and Phil Robinson was elected secretary.

These will be the first officer stints for Engelman, Kurland and Cook. Lasseter previously served one-year terms as treasurer (2011-2012) and secretary (2009-2010). Robinson served as vice president during the past year, his fourth consecutive term in that office (2009-2013).

Boone Isaacs currently heads CBI Enterprises, Inc., where she has consulted on such films as “The Call,” “The Artist,” “The King’s Speech,” “Precious: Based on the Novel ‘Push’ by Sapphire,” “Spider-Man 2” and “Tupac: Resurrection.”Boone Isaacs previously served as president of theatrical marketing for New Line Cinema, where she oversaw numerous box office successes, including “Austin Powers: The Spy Who Shagged Me” and “Rush Hour.” Prior to joining New Line in 1997, Boone Isaacs was executive vice president of worldwide publicity for Paramount Pictures, where she orchestrated publicity campaigns for the Best Picture winners “Forrest Gump” and “Braveheart.”

Academy board members may serve up to three consecutive three-year terms, while officers serve one-year terms, with a maximum of four consecutive years in any one office.

Marie McDonald Sirney
1 year
Congratulations Cheryl! Dr. JW Robinson would be so proud.....
Spartacus
1 year
This is a wonderful step for the Academy. And just what Dawn Hudson has been championing for...
Totowolf
1 year
I'm not in the industry, but based on all or most of the other comments, I believe...