Chief's exit leads to Image enhancements
EmptyDavid Borshell, who was named president of Image Entertainment in April, is leaving the Chatsworth, Calif.-based home video company. Jeff Framer, Image's CFO for the past 15 years, has been promoted to president.
Framer will assume his new responsibilities immediately but also will continue as CFO until his replacement is found.
Executive officer Rick Eiberg, who served as executive vp operations and chief technology officer since April, has been promoted to COO, and executive officer Bill Bromiley will continue to serve as chief acquisitions officer, overseeing the company's acquisitions, marketing and sales.
"On behalf of our shareholders, employees and the board, we want to thank David for his many contributions to Image and for his years of service," said Martin Greenwald, chairman of the board. "David was an integral part of Image Entertainment's growth during the past 24 years.
"The board is extremely pleased to have Jeff at the helm," he added. "Jeff has repeatedly demonstrated fiscal responsibility and prowess, sometimes under the most difficult of circumstances, and has a solid track record of leadership and achievement. In addition, Jeff has the unequivocal respect and support of Image's board, senior management and employees." (partialdiff)