Mark Lolo Steps Down as President of Russia's Central Partnership

MOSCOW -- Mark Lolo is stepping down as president of the Russian producer and distributor Central Partnership “to pursue his own projects,” according to the company’s statement.

He will be temporarily replaced with Armen Davityan, general director of the distribution wing, Central Partnership Sales House, before the new president is appointed, Central Partnership, which is owned by the group Profmedia, announced on Monday.

“We thank Mark for his input in the development of Central Partnership and wish him success in his other endeavors,” Central Partnership’s chairman of the board Vladimir Ryabokon said in a statement.

Central Partnership’s spokesperson told The Hollywood Reporter that she couldn’t provide any further comment, while Lolo was unavailable for comment at the time of writing.

Lolo was appointed Central Partnership’s president in the spring of 2011, replacing the company’s founder Ruben Dishdishyan. Since then, Central Partnership and Dishdishyan have filed lawsuits against each other, some of which are still pending.