Old guard goes at UFO Moviez; new blood elevated

Old guard goes at UFO Moviez; new blood elevated

The digital cinema company has gone in for an organisational restructuring exercise

UFO Moviez

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.