Tom Cruise/Nicole Kidman Agent Quits To Become A Movie Boss 7/30/08

Tom Cruise and Nicole Kidman's longtime agent Ric Nicita is set to become Hollywood's new movie bigwig after signing a deal to turn around Morgan Creek Productions' fortunes.

The Creative Artists Agency heavyweight, who is married to Cruise's production partner Paula Wagner, is turning his back on the agency business after 42 years to become an executive.

Nicita, who has been with CAA for almost 30 years, has been appointed the new co-chairman and chief operating officer of Morgan Creek Productions.

The company, which enjoyed a string of movie successes in the 1990s, has hit lean times in recent years with flops Georgia Rule and The Good Shepherd, which was directed by Robert De Niro. Nicita replaces Guy McElwaine, who died earlier this year (08).