Jerry Weintraub and Alan Ladd Jr. will jointly serve as chairmen and chief executives of the new United Artists/Metro-Goldwyn-Mayer Distribution Co. when the companies become separately owned upon completion of the sale of MGM/UA Entertainment to Turner Broadcasting System.
Weintraub is chief executive of the new UA, in which financier Kirk Kerkorian will be the majority shareholder. Ladd now is president and chief operating officer of MGM/UA.
The two officers said the jointly owned and operated distribution firm will rely heavily in the first year upon MGM productions, which has 12 motion pictures presently being prepared for release.
Richard B. Graff, MGM/UA's distribution head, will be president of domestic distribution in the new distribution firm; Irving N. Ivers, MGM/UA worldwide marketing chief, will be its executive vice president-domestic distribution, and Jack Gordon, MGM/UA head of international distribution, will be its president of international distribution.