MGM/UA production chairman Jay Kanter, one of the last remaining lieutenants from the Alan Ladd Jr. era, announced Tuesday that he is resigning his slot immediately.
“It should go without saying that I will always feel close to MGM and the many friendships I have made there, both past and present,” Kanter said in a statement.
“I thank all of my colleagues for making it such a pleasurable experience.”
Added studio chairman/CEO Frank G. Mancuso: “Jay has contributed much to the stabilization of this company during some very difficult times. His talent and credibility are widely recognized within our industry, as are his genuine human qualities.”
Kanter has had a long career with MGM/UA, serving in various capacities in the rapidly changing studio over the last two decades. Among his other previous posts are senior spots at 20th Century Fox, the Ladd Co., First Artists and MCA.