UK company HandMade Plc reveals senior level departures and interim chief executive.
HandMade Plc joint chief executives Patrick Meehan and David Ravden are both leaving the company.
Irish entrepreneur Meehan is stepping down from the company, which was founded by ex-Beatle George Harrison, after a period of ill health. He now plans to focus on creative projects in the US.
Meanwhile, Ravden and company director Peter Parker have also resigned from their posts. Further details were not available as ScreenDaily published.
In a statement, released today, the company said it negotiating an independent production agreement with Meehan, which will allow him to work with the company as well as on its own projects.
HandMade has appointed Antony Fraser, the managing partner at Helix Capital, as interim chief executive. He has also been appointed to the board.
The corporate shuffle come as Handmade enters into an interim-financing agreement for $3.1m (£2m) with Satya Productions Limited.
The company’s international film sales and production arm Handmade International is unaffected by the changes.
“HandMade International continues to operate as normal and is looking forward to a busy European Film Market (in Berlin),” a spokesperson said.