Frank Mancuso, the new chairman and CEO of MGM, began reassembling former key members of his old Paramount executive team Sunday, naming Michael S. Hope and A. Robert Pisano as executive vice presidents of MGM.
Hope will be in charge of financial and administrative functions for MGM and UA, while Pisano assumes responsibility for business and legal affairs plus all non-movie business activities.
Not mentioned in the release were Charles Meeker, president, and Ken Meyer, senior executive vice president, two Alan Ladd Jr. appointees whose titles rank higher than those of Mancuso’s new hires.
Sources stated, however, that both Meeker and Meyer would report to Hope and Pisano.
According to these sources, no one at MGM is being terminated at this time, though there were hints that the exec team would be trimmed in the near future.
Mancuso has yet to name any execs in the area of production or development.
According to sources, some of those initially approached by Mancuso have been diffident about working at MGM or UA in view of the fact that both studios would have to be sold within the next three years.
In announcing his first two appointments, Mancuso said, “I have worked closely with Bob and Mike for many years. Each is a highly respected leader in his field.”
Hope had served as exec vice president for planning and operations at Paramount Communications and before that was partner in an accounting firm.
Pisano had been exec VP and general counsel at Paramount from 1985 until 1991 , when he joined O’Melveny & Myers.