Ball and Arnaz divorced in 1960. Ball served as president and chief executive officer of Desilu while at the same time starring in her own weekly series. In November 1962, Arnaz resigned as president when his holdings in the company were bought out by Ball, who succeeded him as president. This made her the first woman to head a major studio and one of the most powerful women in Hollywood at the time. Ball founded Desilu Sales, Inc., for syndication which distributed Jay Ward Productions' Fractured Flickers in 1964. Today, Desilu Sales is part of CBS Television Distribution.