Peter Chernin, president and chief operating officer of News Corp. and chairman and CEO of the Fox Group, and David Matalon, president and CEO of New Regency Prods., are joining the supervisory board of Puma AG, an international sports company.
New Regency, which is based on the Fox lot, is the largest single shareholder in Puma, with more than a 25% stake.
The appointments bring to the board two experienced execs who can advise on the parallels between the sports and entertainment industries. Moreover, Chernin’s appointment signals that News Corp. itself recognizes the value and future prospects of Puma.
During Chernin’s tenure, Fox has attained leadership positions in film, network broadcasting, TV production, sports and news. Chernin has also overseen Fox’s growth in sports, cable and TV programming and distribution in the U.S. and overseas.
Matalon, who has more than 30 years of industry experience in production and management, runs the day-to-day operations of New Regency. Prior to joining New Regency, he was exec VP of Columbia Pictures Entertainment and a founder and president of TriStar Pictures.
With these appointments, the supervisory board of Puma will grow to nine members. Arnon Milchan, who is the largest shareholder in New Regency and is president of Monarchy Regency, also sits on the board.
The appointments of Chernin and Matalon must now be approved by the shareholders of Puma.