Stacey Snider named co-chair of 20th Century Fox

It’s official: 20th Century Fox has tapped Stacey Snider as its new co-chair.

The announcement comes after months of speculation that Snider was leaving her current role as co-chair and chief executive of Steven Spielberg’s DreamWorks Studios.

Last week, a source familiar with the situation confirmed Fox was going to announce Snider’s new role at a later date.

As co-chair, Snider will report to 20th Century Fox Film Chairman and CEO Jim Gianopulos. She will oversee all production and development activities for 20th Century Fox, Fox Animation/Blue Sky Studios, Fox International Productions and Fox Searchlight Pictures.

The studio has had a record-breaking year at the worldwide box office, with hits such as “Gone Girl,” “X-Men: Days of Future Past” and “The Maze Runner.” The studio has pulled in more than $4.8 billion in global box office receipts.

“Having known her for years both professionally and as a friend, I know she will fit in perfectly with our culture and the talented leaders in key positions throughout the company as we embark on continued success and further expansion of our global businesses,” Gianopulos said in a statement.

Snider also expressed her enthusiasm.

“Jim Gianopulos has assembled the finest group of executives and filmmakers in the business; and they’re producing impactful, culturally relevant films.” she said in a statement. “I’m excited and privileged to join them in their pursuit of excellence.”

Prior to starting at DreamWorks in 2006, Snider established herself in the industry as chair of Universal Pictures. There, she oversaw franchises such as “The Mummy,” “American Pie” and popular films such as “Erin Brockovich” and “Brokeback Mountain.”

She also served as president of TriStar Pictures, where she worked on films such as “Jerry Maguire” and “Sleepless in Seattle.”

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