Press had been consulting for the studio since 2010 and will oversee creative, distribution, marketing and physical production for CBS Films.
Hammer previously served as COO for CBS Films and will oversee all business, finance, legal affairs and acquisitions, including financed, co-financed and completed projects for the division.
“In Terry and Wolfgang, we are fortunate to have two very skilled executives, each with terrific knowledge of the business and strong resumes of innovation,” Les Moonves, president and CEO of CBS Corporation to whom the co-presidents will report, said.
As the principal of 7570 Marketing Inc, Press has consulted on such CBS Films releases as The Mechanic, Salmon Fishing In The Yemen and The Woman In Black (pictured). Prior to 7570 she was head of marketing for DreamWorks SKG.
As COO Hammer oversaw the acquisition of The Woman In Black, Gambit and Sundance 2012 entry The Words. He also oversaw the co-financing and distribution deals for the upcoming Martin McDonagh film Seven Psychopaths.
Prior to CBS Films Hammer served as evp of the motion picture group at Lionsgate and before that he was vp of production, at Media Rights Capital.