Lipson to fill CEO seat when Cuneo retires
“Spider-Man” originator Marvel Enterprises has spun a corporate succession web, announcing Monday that exec veep business and legal affairs Allen Lipson will succeed Peter Cuneo as CEO when the 58-year-old incumbent retires at year’s end.
Lipson, 59, has served in his current post since November 1999. Cuneo will continue as a board member and consultant, Marvel said.
Marvel chief since July 1999, Cuneo has been closely identified with Marvel’s resurrection from massive financial woes. The Gotham-based publisher has morphed into a newly muscular licensing powerhouse, thanks to recent hit movies based on Marvel characters like “Spidey” and “X-Men,”
Upcoming pics spawned from Marvel comix include 20th Century Fox’s “Daredevil,” set for Feb. 14, and Universal’s “The Hulk,” skedded for June 20. Fox has “X-Men 2” slotted for May 2.
Marvel recently reported a second-quarter profit, helped by “Spider-Man” licensing. Sony’s “Spidey” movie has grossed more than $800 million worldwide.
Shares in Marvel rose 24 cents, or 4%, to $6.60 on Monday. The stock is up 74% this year.