LOS ANGELES COUNTY - News from Aug. 5, 1986
Republic Pictures Corp. announced Monday that Russell Goldsmith has been named chairman and chief executive.
He succeeds George C. Hatch, who will “remain active” in the company and retain a seat on the board, Republic said.
The Los Angeles company also announced that it has agreed to sell $8.7 million in stock and warrants to Paragon Group, an investment partnership founded by Goldsmith. Goldsmith is a former chief operating officer of Lorimar, Culver City.
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