MUMBAI: Former Universal Pictures vice chairman of worldwide production Mary Parent has been named chairperson, worldwide motion picture group at the Metro-Goldwyn-Mayer (MGM).

In this newly created position, Parent will be responsible for oversight of worldwide theatrical production, distribution, marketing and business affairs for MGM. Parent reports directly to MGM chairman and CEO Harry E Sloan, and to the MGM board of directors.

Said Sloan, “MGM is in the midst of an evolutionary process, moving from our initial revitalisation effort into the next phase of growth and development. As we commence production on some of the biggest film franchises in Hollywood, we are fortunate to be able to enlist Mary to spearhead what promises to be MGM's most exciting period yet. Her production expertise, relationships in the creative community and distribution and marketing savvy will be instrumental in confirming MGM's position as a competitive player alongside other major Hollywood studios.”

Parent said, “I look at what Harry has strategically built and assembled - from ramping up the distribution efforts of MGM as well as breathing new life into United Artists with Tom Cruise and Paula Wagner at the helm - and I believe this studio is poised for a true re-vitalisation. This comes at a great time for the business and I am honoured to have been chosen to play this role.”

This year in partnership with Sony Pictures Entertainment, MGM will bring new installments of two of its tentpole franchises – the new James Bond movie Quantum of Solace and Steve Martin in Pink Panther 2. MGM will also release United Artists’ thriller Valkyrie starring Tom Cruise on 3 October.