Howsam on administrative leave

Peace Arch CEO was arrested Monday

The board of Peace Arch Entertainment Group Tuesday placed CEO Gary Howsam on administrative leave following his arrest Monday in connection with a U.S. federal investigation into transactions between Comerica Bank and Howsam.

The investigation involves activites prior to Howsam joining Peace Arch CEO in December, 2002. Peace Arch co-chairman Jeff Sagansky has assumed the duties of interim CEO. Peace Arch itself is not a party to the investigation.

Howsam’s employment contract was extended for two years in September, keeping him at the helm of the Toronto-based film and television production and distribution company through September, 2009.

Prior to joining Peace Arch, Howsam was a founder of Greenlight Film and Television.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading