MGM named former Participant Media executive Ted Lim senior vice president, strategic planning and corporate development. He will report to MGM chief operating officer Chris Brearton.
In his new positon, Lim will oversee deal execution, collaborate on implementing ongoing growth initiatives, formulate new business models, and identify new partnerships and opportunities.
“Ted’s specialized background in strategic planning, mergers and acquisitions, and integration makes him an essential addition to our management team as MGM embarks on an aggressive and innovative growth strategy,” Brearton said in a statement.
Lim previously served as senior vice president of strategy and business development at Participant Media. During his tenure, Lim played a key role in Participant’s investment in Amblin Partners, the acquisition of digital short form video company SoulPancake and its expansion into television series production.
Prior to Participant Media, Lim was an executive in the corporate strategy and business development team at The Walt Disney Co., where he helped manage the company’s investment in Hulu, including its $750 million recapitalization in 2013, and its acquisition of Lucasfilm in 2012. Lim started his career as a management consultant at Bain & Co.
“The opportunity to join MGM during this time of growth for the legacy studio is incredibly exhilarating,” Lim said in a statement. “I look forward to working with Chris and the talented senior management team to help expand and drive growth in 2018 and beyond as we continue into this new phase of innovation.”
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