Cameron Mackintosh’s theatrical licensing company Music Theatre International has reshuffled its senior leadership, appointing president Drew Cohen as global chief executive.
Alongside his new title, Cohen will continue as president, while current chief executive Freddie Gershon steps down from the role, which he has held for 29 years, to become co-chairman with Mackintosh.
Cohen, who has worked at MTI for 15 years, will direct domestic and international strategy for the company, which expanded into Europe with a London office in 2015, as well as growing operations in Australia and New Zealand.
MTI, founded by co-founded by Broadway composer Frank Loesser, licences performance rights to more than 400 musicals for professional, amateur and school productions.
Mackintosh said he counted Cohen as one of his “most treasured friends” but also “one of the most determined, imaginative and proactive executives with whom [he had] ever worked”.
“Drew will now have even more latitude as CEO to steer MTI into the future,” he added.
Gershon said: “As MTI looks to the future and continues its mission of perpetuating musical theatre and generating passive residual income streams for the benefit of the authors we represent, I cannot think of a better executive to lead this effort. His imagination and enthusiasm are contagious and it is personally gratifying for me to make this announcement today.”