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Ending a yearlong search, Hollywood’s studio lobby has picked Chris Dodd as its new CEO.

Update: Speaking to Variety this afternoon, Dodd called the post “an exciting job with tremendous implications for the country. I said the other night, that when you look at the trouble is going on in the world, and without engaging in hyperbole, it wouldn’t surprise me if some of the people who were demonstrating went home that evening and turned on the television and watched an American movie or an American TV program. It is still a product the world enjoys, that they gravitate to, that we can make a difference in people’s lives with it, both at home and abroad.”

Warner Bros. chief Barry Meyer said that although many candidates were considered, Dodd was “somebody we all feel comfortable could lead our industry, more than anyone.” Although there were “vague contacts early on,” he said, conversations started in earnest around Thanksgiving. Sen. Patrick Leahy (D-Vt.) and Sen. Dianne Feinstein (D-Calif.) “were instrumental to us” in talking to Dodd about the job and what it entailed.

The full press release is below: