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Paramount Chairman Lansing Leaving

Paramount Pictures chairman Sherry Lansing announced that she would be leaving her post when her contract is up at the end of next year. Serving in the position since 1992, she has become the top female exec in the industry. She says that her decision is not due to the studios slipping box office, but a part of her plan to pursue philanthropy or political interests.

"I've always had this plan that I would leave at the end of my current contract," Lansing, who celebrated her 60th birthday in the summer, said. "I'd always said I would leave at 60 because I want to have a third chapter in my life."

Lansing will help the company find her successor.

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