MUMBAI: After working as CEO for Essential Entertainment, Jere Hausfater has stepped down from the organisation.

John Fremes has taken over as president of worldwide distribution before the American Film Market (AFM). It is understood that Hausfater is likely to serve as a consultant.

A statement from Essential Entertainment read, "We acknowledge and appreciate Jere‘s contribution to Essential over the past three years, and look forward to a continued relationship with him as a consultant and valued advisor to our team.

"Recently, Essential has made soon to be announced investments, specifically in television production, and we are looking at further expansion in other media ventures. I have full confidence in the existing management team, and am excited about the future of Essential."

Hausfater was the former executive vice-president of Miramax International and head of worldwide sales and acquisitions at Intermedia. He served as a longtime senior executive at Buena Vista International.