Tom Rothman Leaving 20th Century Fox

Well this is a surprise.

Longtime Co-Chairman and CEO of 20th Century Fox, Tom Rothman, is leaving the studio beginning next year, January 1st, 2013.

Rothman - whose been with the studio for nearly two decades - sent out this letter to Fox employees today:

My Dear Friends,

I have decided that, after more than 18 years — the bulk of my adult working life — I am resigning as Chairman and CEO of Fox Filmed Entertainment, effective January 1, 2013.  During my time at Fox, thanks to you, we have together accomplished more than I ever imagined possible, from the founding and nurturing of Searchlight, to overseeing the two biggest films in box office history, to consistently ranking at the top among studio profitability year in and year out (including our most recent strong fiscal year), and, most of all, making dozens of exceptional films that I believe will stand the test of time.  I’m proud as hell of that run.  But I’ve done the same thing, at the same place, for a long time (indeed, in the 75 year history of our studio, no one has supervised movies for longer except Darryl Zanuck himself).  I do need some new challenges and to write a new chapter.

I love Fox and all of you and take comfort knowing that, although there is never a perfect time to leave, because the slate for the next several years is in awesome shape, this is at least a pretty good one.  I know that Jim G. and all of you will continue our long tradition of winning ways, and I will be rooting hard for you.  I will also be around until the end of the year to help with the transition and celebrate some of the hits we are about to have.

Finally, let me say, how eternally grateful I will always be for the privilege and the honor of having had this job, and above all else, working with you all –  quite simply, the best, most talented, and the kindest colleagues in the world.  If I can leave you with one thought, it’s this:  for all these years, I have tried to do the job with, above all else, integrity.  I think our company stands for doing what is right, even if that is not always easy, and for prizing honesty and forthrightness.  I hope that you will carry that mission forward.  As for me, a bunch of you guys know what the tattoo on my ankle says.  It’s what I wish for us all:  “Excelsior”!

With Love and Gratitude,

Tom

What's ironic about his departure is that Fox's film division has been having some of its greatest critical and commercial success in recent years with hits like X-Men: First Class, Rise of the Planet of the Apes, and Chronicle (not to mention the planned sequels to those films, two of which that already have release dates).

Jim Gianopulos (another co-chairman with Fox) will be taking over all film-related duties starting next year.

Maybe he'll go ahead and let Bryan Singer make a legit X-Men 3?

Nah, wishful thinking.

Source: The Hollywood Reporter