Lucasfilm Ltd. Reorganizes
In a move to promote long-term growth of his businesses, George Lucas announced that he is bringing Lucas Digital, LucasArts Entertainment, Lucas Licensing and Lucasfilm Ltd. into one organization, as Lucasfilm president Gordon Radley leaves the company. Lucasfilm CFO Micheline Chau has been promoted to the position of chief operating officer to oversee the new unified company and to guide all of the business units. In discussing the reorganization, Lucas stated, "During the past ten years, my companies have functioned relatively independent of each other. As we look to the future, we have decided to bring these entities together into a unified, cohesive group to create a dynamic entertainment company that builds upon their mutual strengths. We have a unique array of talent in the areas of special effects, sound design, interactive games, licensing, distribution and marketing. This new structure will make it easier for our diverse talents to work as a team." George Lucas will remain chairman of the board and chief executive officer of Lucasfilm Ltd.