Cirque du Soleil CEO fired over ‘glamourous’ divorce

Cirque du Soleil has fired its CEO Daniel Lamarre, the Montreal-based entertainment company announced Monday. Lamarre, who joined Cirque du Soleil as a post-college intern, was hired in 2000 as CEO and turned it…

Cirque du Soleil CEO fired over 'glamourous' divorce

Cirque du Soleil has fired its CEO Daniel Lamarre, the Montreal-based entertainment company announced Monday.

Lamarre, who joined Cirque du Soleil as a post-college intern, was hired in 2000 as CEO and turned it from a deficit-ridden production company into a world-famous juggernaut. He also expanded the business into film and television, and announced a multimillion-dollar deal to create a Batman film based on his work for Warner Bros. Entertainment.

Following the hiring of Scott Manson as Cirque du Soleil’s new CEO, most of the president and CEO jobs remain unfilled, according to Deadline. The company will bring in MGM’s international CEO Paul Pressler to fill some of those positions, Variety reported.

Pressler previously served as CEO of Walt Disney Co. from 2004 to 2009.

“The board of directors wishes to thank Daniel Lamarre for the excellent leadership that he has provided during his time with Cirque du Soleil, which led to our significant growth, success and success,” the Cirque du Soleil board said in a statement, according to CBS News.

Lamarre is reportedly seeking to explore other opportunities, according to the statement.

In 2017, Lamarre announced the largest acquisition in the company’s history.

Cirque du Soleil announced plans to acquire Montreal-based circus troupe OVO earlier that year for an estimated $36 million. OVO held the Guinness World Record for the world’s largest circus performing arts troupe, with almost 2,000 performers. The acquisition was meant to bring OVO into Cirque du Soleil’s international operations.

Cirque du Soleil announced Monday that the major assets of OVO were acquired by Cirque du Soleil Entertainment Group, Inc. (CAEG), which is the subsidiary that will now oversee the OVO operation.

“The purchase of OVO increases CAEG’s traditional events presence in North America, opens the door to the development of television series based on OVO’s cultural heritage and globally acclaimed performances, and expands our international footprint,” CAEG CEO Scott Wagner said in a statement, according to Variety.

Forbes reported in 2017 that Lamarre and his wife, the gymnastics coach Yannick Duris, had a net worth of $1.8 billion. The magazine ranked Cirque du Soleil as the seventh largest private business in the United States, with an estimated $1.67 billion in total revenue.

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