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Nick Meyer to leave Par Vantage

He had been president of the company

Paramount Vantage has taken another hit with label president Nick Meyer's exit.

Meyer, who had been co-president, took on the top Vantage spot solo in January when John Lesher was promoted to president of Paramount Film Group.

Thursday's move is the latest in the specialty label's metamorphosis from an artist-friendly boutique that produced such films as "No Country for Old Men" and "Into the Wild" into an acquisitions-only outfit.

In June, Vantage's marketing, distribution and physical production units were merged into Paramount proper. The next month, dozens of Vantage employees were laid off.

Guy Stodel, who joined Vantage in July as executive vp production and acquisitions, will continue as topper but with a narrowed scope that covers acquisitions and international co-productions.