Executive will remain strategic advisor and significant company shareholder.Sophie Watts
has stepped down as president of Stx Entertainment
, effective immediately.
According to a statement from the company, she is leaving to focus on new business opportunities and will act as strategic advisor and remain “a significant Stx shareholder.”
There was no immediate word on a replacement strategy. All divisions previously reporting to Watts will now report directly to Simonds or COO Thomas B. McGrath
Watts was part of the core management team alongside CEO Robert Simonds
and has served as president since 2011, helping to forge a number of strategic partnerships, in particular with talent and with funding sources, content producers, investors, and distributors in China. Most recently she oversaw Stx’s digital, Vr and unscripted television studios.
“Sophie is a force of nature,” Simonds said. “She is an incredibly talented, versatile executive who has been central to every aspect of growing the Company, both domestically and internationally