Imax Corp. has promoted longtime exec Greg Foster to the posts of CEO of Imax Entertainment and senior exec VP of Imax Corp.

Foster has been chairman and president of Imax Corp. He will continue reporting directly to Imax Corp. CEO Richard L. Gelfond.

Foster began working at the giant-screen specialist in 2001 and has worked with Gelfond on overall strategy and overseeing creative, production, film distribution, business affairs, marketing, sponsorship and studio relationships. As of March 31, there were 738 Imax theatres (606 commercial multiplexes, 19 commercial destinations and 113 institutions) in 53 countries.

Imax’s 2012 revenues were $284 million.

Before joining Imax,  Foster spent 15 years at MGM/UA where he served in several senior management posts.