Abu Dhabi Media Company (ADMC) and Imagenation Abu Dhabi CEO stepping down with immediate effect, according to reports from the region.
ADMC Chief Financial Officer Frank Mooty will act as CEO of both Abu Dhabi Media Company and Imagenation Abu Dhabi while the board seeks a replacement.
Production chief Rami Yasin is also to step down.
The moves follow the announced departure of Imagenation COO Stefan Brunner earlier this month.
Among the candidates believed to be in the running for the vacancy are Ali Jaber, the former managing editor of Dubai TV and currently Dean of Sheikh Mohammed Bin Rachid School of Communications.
ADMC Chairman H.E. Mohamed Mubarak Al Mazrouei said: “We are thankful for the contribution that Ed has made to the evolution of ADMC over the past three years. We are also grateful to have someone of Frank Mooty’s experience and capabilities, to oversee the company’s continued development, whilst we seek out the right candidate to realize ADMC’s next phase of commercial development and success.”
Borgerding had held the joint position since March 2008. During his tenure as head of film financier Imagenation, the ADMC subsidiary has become a major player in the development of the United Arab Emirates film industry and a significant backer of US and international titles.
During Borgerding’s time at the company Imagenation secured production and financing joint ventures with Participant Media, National Geographic Entertainment and Hyde Park Entertainment and invested in international titles such as My Name Is Khan and Furry Vengeance and the upcoming The Best Exotic Marigold Hotel.
The company last year wrapped on its first Khaleeji-language title Sea Shadow.
As CEO of ADMC he oversaw the operation of leading magazines and newspapers in the region and a suite of TV and radio channels, including Abu Dhabi TV and Emarat FM.
Prior to his role at ADMC Borgerding was Executive Vice President of Walt Disney International in Hong Kong and Senior Vice President of Walt Disney International Television in Hong Kong and London.