LOS ANGELES, CA (March 12, 2012) – New Regency COO/CFO Louis Santor is exiting his post this July, it was announced today by company president and CEO, Brad Weston. Over the past month, the seasoned executive has worked with company chairman Arnon Milchan and Weston to help select his successor, Jonathan Fischer, who has been appointed to the post of chief financial officer. Santor will be staying on for a transitional period through the summer, as a consultant working alongside Fischer.

Santor, a 20-year veteran of the company, is moving on to pursue a number of opportunities and new challenges which have presented themselves over the past several months. He has been instrumental in the company’s past successes, including most recently securing the renewal of the bank line of credit. Long-time deputy CFO, Robert Corzo, will be staying on in an increased capacity.

Fischer most recently served as president of Groundswell Productions, a position he held for two years. His New Regency appointment is effective immediately and he will report to Weston.

“It has been such a tremendous ride with Arnon,” said Santor. “I wouldn’t change a thing over the last 19+ years. Arnon challenged me constantly from the beginning, made me a better, more knowledgeable executive in the film industry and in business overall. Together we experienced what many have been trying to replicate for years, both directly in the film business and also with deals like Puma and Chrysler. I can’t thank him enough for giving me the opportunity I’ve had to play in this corner of his sandbox, and I look forward to cheering on Arnon, Brad and New Regency in the future as they focus on the creative filmmaking side of the business in order to make Regency the great place and platform, it can be.”

“It is with a heavy heart that I reluctantly accept Louis’ resignation,” said Arnon Milchan, Chairman, New Regency. “He is a homegrown talent, a devoted colleague, a trusted financial advisor, and above all, a friend. He has my support and help with all of his future endeavors.”

“After 19 great years at New Regency, Louis has decided to segue to the next big thing. Though it’s difficult to see him go, he is leaving us in a wonderful position, having provided the financial leadership that has forged solid investor relationships, established the confidence of the financial community and solidified our line of credit. We are incredibly grateful for the years of service Louis has given New Regency and thrilled he will stay on for some time as Jonathan gets started,” said Weston. “We’re so pleased to welcome Jonathan. He brings with him a broad base of film financing experience as well as strategic planning expertise and a clear understanding of our business and our goals. We are looking forward to a very prosperous future together.”

“I couldn’t be happier to be joining Brad and the team at New Regency, especially now as they are on the verge of such an exciting new chapter,” said Fischer.

Fischer first joined Groundswell Productions in 2008 as chief operating officer. He was elevated to president in January 2010, overseeing day-to-day operations of the company and responsible for the financing and packaging of Groundswell’s films. Prior to joining the company, Fischer was the chief financial officer for Intrepid Pictures, a film production and financing entity, where he was responsible for their credit facility, strategic planning, development finance and investor relations. He previously served as vice president, strategic planning and business development at Universal Pictures, focusing on equity financing and production deals, new media and home entertainment initiatives and overall windowing and release strategies for the studio. Additionally, Fischer co-founded a wireless venture in San Francisco and worked in strategic planning for the Walt Disney Company. He is a graduate of Stanford University with a degree in economics.