Bobby Cohen is stepping down as Lionsgate's co-president of production. He had shared that post with fellow co-president Peter Kang, who remains in place.
Cohen will move into a production deal, The Hollywood Reporter has confirmed.
The move comes amid executive turnover at Lionsgate, where last month Rob Friedman exited as co-chair of the motion picture group, remaining as a consultant to the office of the CEO.
Cohen was an established producer before joining Lionsgate as co-president of production in June 2015. He produced both 2013's Now You See Me, a breakout hit for Lionsgate, which grossed $352 million worldwide, and its recent sequent Now You See Me 2, which has collected $334 million worldwide. His credits also include such films as Memoirs of a Geisha, Cider House Rules and Revolutionary Rules.
Kang, who has been serving alongside Cohen, joined Lionsgate in April, coming from Paramount, where he'd been executive vp, production.
In the wake of its successful Twilight and Hunger Games franchises, which have run their course, Lionsgate will field a dozen movies, large and small, by year's end. Two weeks ago, it released Deepwater Horizon, starring Mark Wahlberg; to date, the $110 million movie has grossed $40 million domestically.