Magazine article Screen International

Screwvala to Leave Disney UTV

Magazine article Screen International

Screwvala to Leave Disney UTV

Article excerpt

Siddharth Roy Kapur will take over the company's India operations.

The Walt Disney Company has announced that managing director Ronnie Screwvala will step down on June 30, 2014 and Siddharth Roy Kapur, currently managing director of Disney UTV's studio's business, will take over the company's India operations.

Kapur will assume the post of managing director of TWDC India effective Jan 1, 2014, and Screwvala will assist in the transition until he departs.

Screwvala has said he will pursue his entrepreneurial goals and devote more time to his foundation, SWADES.

Screwvala said: "It's been a fantastic seven-year working relationship with Disney, first as a co-shareholder, then when Disney held a majority stake in UTV, and since February 2012.

"It has been a great experience to be part of the world's number one entertainment company and to have worked with such a talented team to solidify our footprint in India as a diversified and successful business across television, broadcasting, movies, consumer products, games and digital."

Andy Bird, chairman of Walt Disney International, added: "Ronnie has successfully managed integration efforts and set the foundations of long term growth for our business.

"In 2012 when we acquired UTV, Ronnie had a clear mandate to merge two organisations, build a single team and lay the strategic direction for a diversified media and entertainment company that would be part of the growing India growth story.

"When he passes on the baton in June 2014, almost two-and-half years since the acquisition, he will leave the company in a great place strategically and with a strong leadership team. …

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