Jason Kilar Set to Join DreamWorks Animation Board

GLENDALE: Jason Kilar, the founding CEO of Hulu, and Lucian Grainge, the chairman and CEO of Universal Music Group, are being nominated for election as directors on the board of DreamWorks Animation.

The current directors Nathan Myhryold and Richard Sherman are retiring from the company’s board. Grainge and Kilar are up to replace them. Kilar resigned from Hulu in January after five years with the company, and before this he was with Amazon.com. Grainge has been with Universal Music Group since 1986.

Myhryold has been on board since the company went public in October 2004. He is the CEO of Intellectual Ventures. Sherman is the CEO of The David Geffen Company and has been on the DreamWorks Animation board since November 2008.

"Nathan has served on our board for nearly ten years during which time his unique perspective and wise counsel has been invaluable—he will truly be missed," said Jeffrey Katzenberg, the company’s CEO and director. "Likewise, Richard has played a pivotal role in maximizing the potential of our business and I am incredibly grateful for his contributions over the years.

"Looking ahead, I am beyond excited at the prospect of welcoming Lucian and Jason to our board. They are true superstars in their respective fields—Jason revolutionized how we consume content and Lucian is one of the most innovative forces in the music industry. The addition of their expertise to our already incredibly strong board will help take the company to new heights as we continue to grow our brand."