Richard Nanula is out as chairman of Miramax
(Colony Capital / August 23, 2007)
Richard Nanula has resigned as chairman of Miramax and as a principal of private equity firm Colony Capital, a co-owner of the independent movie producer, in the wake of two websites recently publishing photos of a man identified as Nanula having sex with an adult film actress.
The resignation of Nanula was confirmed by an executive close to Colony with direct knowledge of the matter who declined to speak publicly because of the sensitive nature of the situation. His exit comes after he had taken an abrupt leave of absence in late June.
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No replacement for Nanula has been named, and neither Colony nor Miramax have yet to issue any comments elaborating on the executive since his leave of absence.
A former finance chief at Walt Disney Co., Nanula joined Colony in 2008. In 2010, Colony was part of a group of investors that acquired Miramax from Disney for $663 million.
Nanula couldn't be reached for comment on Sunday.
Colony Capital and Miramax executive Richard Nanula takes leave of absence
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