Marvel Names New CEO

Marvel Enterprises Inc. today announced that Isaac Perlmutter, the company’s vice chairman and largest shareholder, has been named CEO. Effective Jan. 1, 2005, Perlmutter will replace Allen S. Lipson, who has decided to retire as president and CEO after five years with the company. All division heads will report directly to Perlmutter.

Perlmutter has been actively involved in the management of Marvel since 1990. He has served as a director since 1993 and acted as chairman of the Board from 1993 to 1995. In 2001, he was named vice chairman of the Board.

Outgoing CEO Lipson joined Marvel in 1999 as exec. VP of business and legal affairs and secretary, and played an instrumental role in the Company’s turnaround. He became president and CEO on January 1, 2003. Prior to joining Marvel, Lipson was VP of administration, general counsel and secretary of Remington Products Co. L.L.C.

With a library of more than 5,000 characters including Spider-Man, Daredevil and The Punisher, Marvel Enterprises is one of the world’s most prominent character-based entertainment companies. Its operations are focused in three areas: licensing and entertainment (Marvel Studios), comic book publishing (Marvel Comics) and toys (Toy Biz).