Starz president Glenn Curtis, a long-time veteran of the company, will retire effective July 1, according to documents filed with the Securities and Exchange Commission.
As part of his separation agreement, Curtis, 56, will receive a lump sum payment of $828,750 and monthly payments beginning Jan. 1 and ending Dec. 31, 2017 equal to the difference between his monthly base salary and any other compensation he receives from another employer.
According to Starz’ proxy statement, Curtis’ base salary in 2015 was $700,000 and he received total compensation of $2.7 million for the year, an increase of 23% over the $2.2 million he earned in 2014.
Curtis was named president in 2013 and also served as president of Starz LLC and Starz Entertainment since February 2012. He reported directly to Starz CEO Chris Albrecht. Curtis served as executive vice president and chief financial officer at the programmer from 2006 to 2012. Prior to that, Curtis served as a vice president of Liberty Media, Starz’ former parent, and was CFO of the Starz Encore Group from 1995 to 2002.
