This article ran on Hollywood Reporter.

The marketing executive is the first African-American and third woman to head the 86-year-old organization.

Cheryl Boone Isaacs has been elected president of the Academy of Motion Picture Arts and Sciences by the organization’s board of governors. The Academy announced her election Tuesday night via Twitter.

Boone Isaacs, a marketing executive who has served stints at Paramount and New Line, is the first African-American to head the 86-year-old Academy and only the third woman to serve as president. Actress Bette Davis held the post for just two months in 1941, and screenwriter Fay Kanin served for four years from 1979-83.

She succeeds Hawk Koch, who served as Academy president for the past year, but ran up against term lines after completing nine successive years on the board. A longtime Academy insider, Boone Isaacs represents the public relations branch on the board. For the past year, she served as first vp while also producing the fourth annual Governors Awards in December.

Boone Isaacs currently heads CBI Enterprises, where she has consulted on such films as The Artist, The King’s Speech and Precious. She previously served as president of theatrical marketing for New Line Cinema and before that executive vp worldwide publicity at Paramount Pictures.