Universal Studios president/COO Ron Meyer has signed a new five-year contract and will continue to supervise the studio's motion picture, parks and resorts and studio operations.

(The Hollywood Reporter) -- Universal Studios president/COO Ron Meyer has signed a new five-year contract and will continue to supervise the studio's motion picture, parks and resorts and studio operations.

"Ron's unfailing stewardship during his decade as Universal Studios' president and chief operating officer, matched with his insight into our industry, has made him an invaluable executive in this ever-evolving media landscape," NBC Universal chairman/CEO Bob Wright said. "As an astute and highly regarded leader, Ron has overseen strong growth and achieved excellent results at the studio. I am thrilled that he will continue to play a key role at NBC Universal."

The decision to re-up was easy, Meyer said: "I'm proud of the accomplishments of what everyone has done at the studio. I'm proud of the people here, and I really love working with them. I'm also very happy working with NBC and General Electric. So it made it very easy to sign up."