Framer has been with Image Entertainment since 1990 and has served as the company's CFO for the past 15 years. He assumes his new role immediately and will continue as CFO until a replacement is appointed.
Executive officer Bill Bromiley will continue to serve as chief acquisitions office while executive officer Rick Eiberg, who has served as executive vice president of operations and chief technology officer since April 2008, has been promoted to COO.
'Jeff has repeatedly demonstrated fiscal responsibility and prowess, sometimes under the most difficult of circumstances, and has a solid track record of leadership and achievement,' chairman of the board Martin W Greenwald said.
Greenwald added: 'On behalf of our shareholders, employees and the board, we want to thank David for his many contributions to Image and for his years of service. David was an integral part of Image Entertainment's growth over the past 24 years.'