As the executive overhaul at Paramount Pictures continues, Alli Shearmur was promoted April 14 to co-president of production. She will report to newly named Paramount president Gail Berman, who steps

(The Hollywood Reporter) -- As the executive overhaul at Paramount Pictures continues, Alli Shearmur was promoted April 14 to co-president of production. She will report to newly named Paramount president Gail Berman, who steps into her role May 1.

As part of the latest round of executive changes at the studio -- which were announced by Brad Grey, Paramount's new chairman/CEO -- Tom Jacobson, is stepping down as co-president of Paramount Pictures, and Karen Rosenfelt is exiting her post as co-president of production.

Grey said the studio is in discussions with Jacobson, who has served in his position since 2003, about segueing into a producing deal with Paramount. Rosenfelt, who has held her job since 2002, is leaving the studio.

In her new position, Shearmur, who has been an executive VP production at Paramount for the past year, will oversee the day-to-day development and production of the annual slate of films and literary acquisitions.

Meanwhile, the studio has been in negotiations to bring Dimension Films co-president Brad Weston to Paramount to join Shearmur as a co-president. Studio sources said Weston is not yet free of his Dimension contract. If Weston does not ultimately join Paramount, it still is expected that a second co-president of production will eventually be named.

Tom Freston, Viacom's co-president/co-COO, selected Grey in January to succeed former studio chief Sherry Lansing, and Grey has been moving quickly to assemble a new executive team since taking over March 1. Last month, he surprised the industry by choosing Berman, entertainment president at Fox Broadcasting Co., as Paramount president. When she arrives next month, Berman will take over from Donald De Line, who is leaving as vice chairman of the Paramount Motion Picture Group after just 14 months on the job.

Shearmur, who joined Paramount in March 2004, has developed such properties as "The Bad News Bears," starring Billy Bob Thornton, which opens July 22, and "Failure to Launch," the Tom Dey-directed romantic comedy starring Matthew McConaughey and Sarah Jessica Parker, which is about to begin principal photography.

Previously, she was executive VP production at Universal Pictures, where she oversaw the development of such hits as the "American Pie" trilogy, "Along Came Polly," "Erin Brockovich," "The Bourne Identity" and "The Bourne Supremacy." Prior to that, Shearmur was VP production at Walt Disney Pictures from 1994-97.

As Grey puts the finishing touches on his creative team, attention is expected to focus on the status of the various production deals at Paramount. In addition, it is expected that Plan B, the production company in which Grey had been partnered with Brad Pitt and Jennifer Aniston at Warner Bros. Pictures, could move to Paramount.

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