Joseph Fitzgerald, formerly Seagram’s veep of investor relations, has been appointed exec VP of investor relations and corporate communications at MGM, effective April 9.
Fitzgerald replaces longtime MGM spokesman and investor relations exec Craig Parsons, who is ankling the studio for unspecified other opportunities. Relocating from New York to Santa Monica, Fitzgerald will serve as the studio’s main contact with the investment community and also supervise media relations.
“As we strive to accelerate MGM’s growth and broaden awareness of our progress, it is vital that we communicate effectively with our key constituencies,” chairman-CEO Alex Yemenidjian said. “Joe is highly regarded by institutional investors and security analysts as one of the country’s top investor relations officers. His strong communications experience and his knowledge of the entertainment industry will add tremendous value to all our communications initiatives.”
Fitzgerald will report to senior exec VP and chief financial officer Dan Taylor. Parsons had reported to vice chairman and chief operating officer Chris McGurk.
Before joining Seagram, Fitzgerald was VP of investor relations at Capital Cities/ABC.
Seagram was acquired by French-based Vivendi last year, and Vivendi Universal’s investor relations group is now run out of Paris, headed by chief financial officer Guillaume Hannezo and Ariane de-Lamaze, VP and head of investor relations. Eileen McLaughlin, who has reported to Fitzgerald, stays on at a Vivendi Universal office in New York as a director of investor relations.
(Jill Goldsmith in New York contributed to this report.)