MUMBAI: Independent, privately-held motion picture, television, home video, and theatrical production and distribution company MGM Holdings Inc. (MGM) has declared that former Pixar Chief Financial Officer Ann Mather would join the Board of Directors of the newly restructured company.

Mather will serve as the Lead Director of the nine-member Board that comprises of Gary Barber and Roger Birnbaum, CEOs of MGM and Co-Chairman of Metro-Goldwyn-Mayer Inc and its subsidiaries.

Mather’s appointment comes days after the company’s 20 December announcement that their restructuring plan has become effective including exit financing of $500 million.

As Lead Director, Mather will oversee governance of the studio and its operating units and work in tandem with directors Barber and Birnbaum; former CBS Chief Financial Officer Fred Reynolds; former MySpace President Jason Hirschhorn; Christopher Pucillo, the founder of Solus Alternative Asset Management; Patrick H. Daugherty, a partner at Highland Capital Management LP; and Kevin Ulrich, chief executive officer of Anchorage Capital Group LLC.

The final vacancy is expected to be filled within the next several weeks.