In this undated photo release by Universal Pictures showing Adam Fogelson, center, Donna Langley and Rick Finkelstein, left. Fogelson has been named Chairman, Universal Pictures and Langley, has been named Co-Chairman, Universal Pictures. Finkelstein, already the Vice Chairman and Chief Operating Officer, Universal Pictures. Universal Studios has replaced its two top movie executives in an apparent effort to reverse the box-office slump prompted by a series of costly commercial failures.