Shaevitz will serve as senior vice president of production and Schaefer will serve as vice president of acquisitions and co-productions. Both report to Feig.
'It's been a period of rapid and exciting growth at the company and as we grow our department, and the studio, it's critical that we have the right people in place,' Feig said. 'Geoff and Michael are both aggressive, smart, and, most importantly, good guys with great taste and excellent judgment.'
'I am also extremely happy with the rest of our team. Meredith Milton and Jean Song, both serving as vice presidents of production, have been unstoppable forces of nature and remain critical members of the team.
'It's also very gratifying to be able to promote Gillian Bohrer, who had been my assistant, but never held that against me, to creative executive.'
Prior to joining Summit, Shaevitz served as vice president at Warner Premiere, which he helped form in 2006. Prior to that he worked within Warner Brothers' theatrical group as a production executive on such titles as Batman Begins, The Lake House, and 300.
Schaefer arrives from The Weinstein Company where he most recently held the title of vice president of production and acquisitions. He started at The Weinstein Company in 2005 as a director of production and acquisitions.
Schaefer also worked in Germany with RTL Group Germany, and prior to this worked for Fine Line Features in London.
Summit currently has Get Some and Step Up 2 The Streets in production, as well as several projects in pre-and post production.