Kolsrud joins executive vice president of development Cale Boyter and vice president of production Becky Sloviter.
Kolsrud most recently served as executive producer on the adaptation of Cirque Du Freak starring John C Reilly for Universal Pictures and has spent 20 years working on such films as LA Confidential for New Regency, Seven for New Line and Daddy Day Care for Revolution, among others.
'[Dan's] familiarity with such a wide variance of films, both creatively as well as budgetary, and with directors of all levels affords him invaluable knowledge and insights that will greatly benefit our productions and our film-makers,' Parent, MGM's chairman of worldwide motion picture production, said.
'Working alongside Mary, Cale and Becky in heading up MGM's physical production is an exciting proposition,' Kolsrud said. 'Everyone in this industry respects the history and contributions of MGM to the film industry, and I'm honoured to be involved in restoring the studio to its former level of production activity and influence.'