Relativity Media COO Andrew Marcus has been promoted to president of corporate development and strategy.

Marcus has been at the company since 2005 and has also extended his contract through 2013. In the new position he will focus on identifying and securing strategic and financial partnerships, building new capital markets relationships and will seek merger and acquisitions opportunities .

“Andrew has been a great partner and integral part of Relativity – we’ve built a strong company together,” Relativity CEO Ryan Kavanaugh, to whom Marcus reports, said. “The goal moving forward will be to leverage the extraordinary platform that we have created and continue our growth.”

“In a remarkably short period of time, we’ve grown from primarily a financial-based, transactional business to a fully functioning studio,” Marcus said. “We have put a terrific structure in place for all aspects of our business. I am thrilled to be in a position to capitalise on all our hard work and seek those opportunities that will keep Relativity ahead of the curve.”

Since joining Relativity in 2005, Marcus has overseen company operations, business development, mergers and acquisitions, and execution for RML transactions as well as the building and managing of the company’s international and domestic distribution and finance relationships.