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MGM's CEO leaves abruptly

MGM Holdings Inc.'s board launched a transition and search process for Metro-Goldwyn-Mayer Inc.'s new CEO, following the ouster of Gary Barber.

The board also temporarily created an Office of the CEO to oversee MGM's daily operations during the transition period. The office, composed of division heads and senior executives, will report directly to the board.

MGM did not reveal the reason for Barber's leaving in a March 19 news release. Sources told Variety, however, that Barber was let go because the board had a different vision for the direction of the studio.

Barber and Roger Birnbaum were named in 2010 as MGM's co-chairmen and CEOs after the company's emergence from Chapter 11 bankruptcy proceedings.

In 2012, Barber became MGM's sole chairman and CEO as Birnbaum transitioned to an exclusive producer role at the studio.