The Hollywood Foreign Press Association (HFPA) has named hedge fund billionaire Todd Boehly as its interim CEO.
Boehly, the founder and CEO of Eldridge investment firm, will lead the Golden Globes group in its reform process to increase the diversity of its membership. Earlier Friday, the HFPA added a new set of 21 diverse members, including various Black and Latino journalists.
“Todd Boehly is already a partner of the HFPA who has consistently supported reforms and encouraged change from the beginning,” HFPA president Helen Hoehne said. “As a results-driven businessman with a proven track record of success, his guidance as interim CEO will be instrumental in achieving meaningful change and greater diversity and inclusion. As an entrepreneur, investor and philanthropist with deep roots in the Los Angeles community, he will make an ideal partner and leader for the HFPA as we complete our search for a permanent CEO.”
In the last month, the HFPA has elected a new president, named three external members to its board of directors (which consists of 2/3 of women and 1/3 of people of color), been in communications with studios throughout the industry and started the process of meeting with Hollywood publicists, an insider told TheWrap.
Earlier this month, the HFPA chose three external advisers, Shaka McGlotten, Santiago Pozo and Paula Williams Madison, to help select the group tasked with reviewing new member applications. The week prior, Jeff Harris, Dr. Joanna Dodd Massey and Sharlette Hambrick were selected as the independent HFPA board directors.
Boehly is the co-founder and CEO of Eldridge, is an entrepreneur, investor and philanthropist. He is also part-owner of the Los Angeles Dodgers, the Los Angeles Lakers, and the Los Angeles Sparks.
Variety first reported the news.