Hutch Parker named chairman of New Regency

Will work with current chairman, CEO Robert Harper

Hutch Parker is leaving his post of vice chairman of Twentieth Century Fox to become chairman of New Regency alongside current Regency chairman and CEO Robert Harper.

Parker had been vice chairman of Fox since 2007, prior to which he was president. He joined the company in 1995 and oversaw the roll out of such hits as the "X-Men" trilogy, "Night at the Museum," "Borat," "The Day After Tomorrow" and "Dodgeball," among others.

Regency is hoping Parker will help take company to "new heights," which among other things will mean the creation of a bankable franchise. Regency, a production and finance company owned by Arnon Milchan in which Fox has a stake in, has had its share of hits in the form of the recent "Alvin and the Chipmunks" and the monster smash "Mr. & Mrs. Smith," but it has yet to master the art of the movie series. It's latest attempt, "Jumper," didn't get gain much height at the boxoffice.

Amongst its upcoming releases are "Marley & Me," the adaptation of the best-selling novel starring Owen Wilson; "Mirrors," starring Kiefer Sutherland and directed by Alex Aja; and "Meet Dave," starring Eddie Murphy.

Parker will also be running the company's TV development and production as well as other media-related ventures. Shows Regency has produced include "Malcolm in the Middle" and "New Amsterdam."

Parker's move to Regency reunites him with a Fox co-hort, as Harper held the position of vice chairman at Fox Filmed Entertainment from 2004 to 2007.

There has always been a lot of cross-pollination between the two companies, with the latest move occurring last week when Sanford Panitch, who was president of filmed entertainment at New Regency, walked across the lot to head up newly formed Fox International Productions.