OddLot Entertainment has promoted Bill Lischak and tapped Michael Nathanson to lead the production company as co-presidents.

The duo will work under the direction of OddLot’s founding principal and CEO Gigi Pritzker along with overseeing day-to-day operations and the ongoing implementation of its business plan. Nathanson has served as a consultant to OddLot and been involved in mapping out the company’s updated business plan.

Linda McDonough, exec VP of production and development, will remain the leader of the production team. She and Aaron Michiel, exec VP of business and legal affairs, and Natalya Petrosova, senior VP of finance, will all report to both Nathanson and Lischak.

Lischak joined OddLot Entertainment as chief operating officer in 2007 to spearhead financing structures and establish distribution arrangements with Lionsgate, Summit Entertainment, FilmDistrict and others. He’s created joint ventures with Robert Rodriguez to create Quickdraw Prods. and with Nick Meyer to form international sales company Sierra/Affinity.

Lischak has also exec produced “Drive,” “Rabbit Hole,” “The Spirit” and the upcoming “Ender’s Game.” Prior to joining OddLot, Lischak was president of First Look Studios.

Prior to joining OddLot, Nathanson was CEO of production entity ONC Entertainment and served as president and COO of MGM Pictures for seven years. While at MGM he oversaw dozens of films including three James Bond movies, including “Die Another Day.”

Before MGM, Nathanson spent five years as president of worldwide production at Columbia, where he supervised the acquisition of the rights to “Spider-Man” and “Men in Black.” He was also chairman and CEO of New Regency Enterprises, where he produced “L.A. Confidential.”