This will be his second consecutive one-year term in the office.
Sherak is beginning his eighth year as a governor representing the Academy's executives branch. He had previously also served as treasurer for the Academy.
In addition, Public Relations Branch governor and past Academy president Sid Ganis was elected first vice president; Writers Branch governor James L. Brooks was elected to one vice president post and Phil Robinson, also from the Writers Branch, was re-elected to a vice president post; Producers Branch governor Hawk Koch was re-elected treasurer; and Actors Branch governor Annette Bening was elected secretary.
These will be the first officer stints for Brooks and Bening.
Sherak, a marketing, distribution and production executive with more than four decades of experience in the motion picture industry, is currently a consultant for Marvel Studios and Relativity Media.
Previously, Sherak was a partner at Revolution Studios where he oversaw the release of more than 30 films including "Black Hawk Down," "Anger Management," "Rent," and "Across the Universe."
The Academy said board members serve three-year terms, while officers serve one-year terms, with a maximum of four consecutive terms in any one office.