Marvel Enterprises Inc., the publisher of "Spider-Man" comic books, said Allen Lipson will become chief executive after Peter Cuneo retires at the end of the year.
Lipson, 59, has been Marvel's executive vice president of business and legal affairs since November 1999. Cuneo will continue to serve as a board member and advisor, the company said.
Cuneo, 58, who became CEO in July 1999, has been credited with helping the New York-based publisher rebuild interest in Spider-Man, X-Men and its other comic book characters. Marvel also publishes "The Incredible Hulk" and "Daredevil" comic books.
The company reported a second-quarter profit, helped by licensing from "Spider-Man," which has generated about $800 million in worldwide box office sales as of last month. Marvel's shares closed Monday at $16.60, up 24 cents, on the NYSE.