Ronnie Screwvala to step down as MD of Disney UTV

Ronnie Screwvala, who has been managing director of The Walt Disney Company since February 2012, will be stepping down on 30th June next year, BizAsia can confirm.

Screwvala�۪s association with UTV has spanned a few positions as the man himself outlines, according to a statement, ���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 as managing director of Disney UTV India�۝. Screwvala will be succeeded by Siddharth Roy Kapur who is currently managing director of Disney UTV�۪s Studio business. Kapur will be taking on the new position on 1st January 2014 and Screwvala will aid him until June.

���It has been a great experience to be part of the world’s No.1 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,�۝ continued Screwvala.

Andy Bird, chairman of Walt Disney International, speaks highly of Screwvala, ���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�۝.

BizAsia wish Screwvala all the best for the future. With eight years at UTV behind him, we also wish Kapur best of luck in this new role.