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William Fay ankles Legendary

Exec was president of physical production

William Fay, president of physical production for Legendary Pictures, is leaving his post with the company.

A spokeswoman confirmed Fay’s departure Thursday.

Fay, who was previously president of Roland Emmerich’s Centropolis Entertainment, has been in the slot since Warner Bros. Pictures made a deal in 2005 with venture capitalist Thomas Tull’s Legendary calling for investing $500 million in a slate of jointly produced films. Since then, Legendary’s co-produced more than 20 films including “Batman Begins,” “Superman Returns,” “The Dark Knight,” “Inception,” “The Hangover” and “The Town.”

Tull’s Legendary East recently secured a $220.5 million round of funding from Hong Kong’s Paul Y. Engineering Group, in exchange for a 50% stake in the entertainment venture.

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