Deluxe Entertainment Services Inc. announced Monday that John Wallace, president of operations and technical services at NBCUniversal, will take over as chief executive in early September.
Wallace replaces Deluxe Chief Executive David Kassler, who has been with the Burbank company for less than a year. In a statement, Kassler said he is leaving Deluxe for “unrelated personal and family reasons.”
Wallace, a 27-year veteran at NBCUniversal, is responsible for global security, business services and the management of NBCUniversal’s real estate portfolio. Kassler will stay on during the Wallace transition.
Deluxe, owned by New York private investment firm MacAndrews & Forbes Inc., provides production, post-production, distribution and archiving services for feature films and television. It operates multiple locations in Burbank and Valencia.
“I want to thank David for his dedicated leadership and hard work at Deluxe and wish him the best in his future endeavors,” Paul Meister, President of MacAndrews & Forbes Inc, said in a statement. “It is a great pleasure to welcome John to this new position and we look forward to working together to propel Deluxe into the next exciting phase of digital service innovation.”
The leadership switch follows the April announcement of a joint venture between Deluxe and Paris-based Technicolor S.A. The venture brings together two legendary Hollywood companies that have moved away from providing film-based services such as lab processing as digital content has taken over the market.
The joint venture, Deluxe Technicolor Digital Cinema, is based in Burbank and managed by Deluxe to provide digital cinema mastering and distribution services.