Co-president will sell his remaining ownership of the company to Michael E. Rosenberg, who will continue as president.

Film Movement has announced that co-president Adley Gartenstein will leave the distributor on March 20.

Gartenstein, who joined in 2003, will sell his remaining ownership of the company to Michael E. Rosenberg, the former eOne executive who joined the company in March 2014 as co-president. Rosenberg will continue as president.

Rosenberg commented: “Adley has built a wonderful team and superb relationships with our business partners over the years, and it has been a great honour and a true pleasure working with him. We wish Adley the best of luck in his next endeavours.”

“I’m so very thankful to the incredible Film Movement team. I am proud of the movies we have distributed and of who we are as a company. Film Movement has accomplished many wonderful things in the 13 years I’ve been with the company, and now I look forward to new and exciting challenges ahead. I have every confidence that Michael will do a great job leading Film Movement into its next chapter,” added Gartenstein.