Following the announcement earlier this fall that corporate powerhouse Disney was to acquire comic book company Marvel Studios comes news that chairman David Maisel will step down once the $4 billion merger is complete.
Named president of the Marvel team in 2004, Maisel became the force behind the company’s film productions, securing $525 million to finance the projects. Chairman of Disney’s film studios Rich Ross will oversee Marvel’s film studio after Maisel’s planned departure, though Maisel will stay on as executive producer of three upcoming Marvel films, “Iron Man 2,” “Captain America” and “Thor.”
Bloomberg reported that Maisel received $5.2 million in cash, stock and bonuses in 2008, and is set to collect about $20.3 million in stock and other consideration as part of the Disney deal, which Maisel himself helped initiate.
More on Time.com:
