Image president David Borshell exits post

CFO Jeff Framer replacing him as head of home vid firm

David Borshell -- who was named president of Image Entertainment, the Chatsworth, Calif.-based home video company, in April 2008 -- is leaving the company. Jeff Framer, who has been Image's CFO for the past 15 years, has been promoted to fill the president's post.

Framer will assume his new responsibilities immediately but also will continue as CFO until his replacement is found.

Executive officer Bill Bromiley will continue to serve as chief acquisitions officer, overseeing all of Image's acquisitions, marketing and sales. Executive officer Rick Eiberg, who has been executive vp operations and chief technology officer since April 2008, has been promoted to COO.

"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," board chairman Martin Greenwald said. "David was an integral part of Image Entertainment's growth over the past 24 years.

"The board is extremely pleased to have Jeff at the helm. 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."