Motion Picture Bond exec exits

Hobel ankles, no replacement named

Joe Hobel, longtime president and chief operating officer of the Motion Picture Bond Co., has resigned to pursue unspecified other opportunities.

Hobel played a key role in the expansion of the Toronto-based completion bond company into bonding activities outside of North America. Last year, the company issued completion bonds for more than 150 film and TV productions in various markets.

No replacement for Hobel has been named. Robert Taylor, chief exec of parent company London Guarantee Insurance, will supervise operations for the time being in tandem with MPB veeps Lisa Yesko, B.J. Rack, Albert Dickerson III and Immanuel Spira.

“Joe served an important role in our growth and increased presence in the U.S. and international markets, and we wish him well in his new endeavors,” Taylor said.

Founded in 1977, the Motion Picture Bond Co. has offices in Toronto, L.A., Montreal, Vancouver, London, Sydney and Melbourne. Hobel was named prexy of the company in 1995. He was first based in Toronto before moving to L.A. in 1998.