MUMBAI: Come 1 January 2025, and a new senior management team will be in place at the digital cinema solutions leader UFO Moviez. The Sanjay Gaikwad-headed firm has gone in for a total organisational restructuring by promoting some executives, giving them additional responsibilities, and superannuating others.
These executives had been given extensions in their employment to help the company tide over the dire consequences that the cinema industry and UFO Moviez faced following covid.
Among those who have been elevated and will be re-designated by 1 January 2025 figure:
* Group enterprises sales head & chief marketing officer Siddharth Bhardwaj has been moved up to CEO digital cinema.
* Chief operating officer – India operations Pradeep Shetty has been promoted to deputy chief executive officer -digital cinema.
* Senior vice-president – engineering Kaushik Mamania has been moved up to chief information officer.
* Senior vice-president – technical operations Nitin Nohani has been raised to chief technical officer.
Amongst the executives who are being superannuated by 31 December figure: chief purchase & logistics Kamalaksha Bhoja Suvarna; CEO – distribution and film services A Pankaj Jaysinh; chief technology officer Sanjay Chavan; CEO rural exhibition Shirish Deshpande; chief strategy officer Sushil Agrawal and CEO—special projects Vishnu Patel.
UFO Moviez said that the superannuated executives would be moved to advisory roles for a certain period to help in the transition.
The company made these announcements in a regulatory filing with the BSE last weekend.