Jeff Sagansky exits Peace Arch

Former co-chairman joins RHI Entertainment

TORONTO -- A day after Jeff Sagansky joined RHI Entertainment as nonexecutive chairman, the former Sony Pictures Entertainment co-president on Tuesday stepped down as co-chairman of Canadian producer Peace Arch Entertainment Group.

Sagansky, who became a co-chairman of Toronto-based Peace Arch in September 2007 along with fellow shareholder Drew Craig, will remain a major investor in the company.

His boardroom exit was preceded in July by veteran Canadian TV executive Gerry Noble replacing Sagansky as Peace Arch CEO.

Company director Robert Essery now becomes the sole Peace Arch chairman.