MUMBAI: In his bid to split his role as chairman and CEO of Eros International Plc, Kishore Lulla has handed over the role of Group CEO and managing director to Jyoti Deshpande. He will, however, continue to drive the vision and strategy of the Group as executive chairman.

Deshpande, a director of Eros International Plc since 2006, was Group COO and commercial director before being promoted.

Says Kishore Lulla, "Having worked closely with Jyoti since 1998 when we set up B4U as well as later in Eros, I am delighted that she has agreed to take up the responsibility of Group CEO. She has been an integral part of Eros‘s exciting growth journey and I have seen her rise through the ranks with us. This move acknowledges her significant contribution to Eros‘s success over the years and her knowledge and passion for the business. I would like to take this opportunity to wish her the very best in her new role and I am confident the Group will continue to thrive under her leadership."

Eros plans to raise Rs 3.50 billion via an initial public offering in India.