Jeremy Fox has departed DRG, the London-based distribution company he founded in 2007, to work on projects outside of the group.
Having completed the terms of his earn out as part of a deal with NENT Group in 2013 to purchase DRG, Fox has left to focus on new, unspecified projects.
NENT Group has bought out Fox’s remaining shares in the business.
In his absence, Morten Morgensen (pictured) will be appointed chairman of DRG, with Richard Halliwell stepping into the role of CEO of DRG-owned scripted drama commissioning club Atrium TV. The two roles were previously held by Fox.
Morgensen is currently CEO of DRG’s parent company NENT Studios, part of Nordic Entertainment Group, and Halliwell is CEO of DRG. Both will retain their previous titles and roles as they take on these new responsibilities.
“As Jeremy has chosen to move on to new projects outside the group we wish him well and look forward to continuing the successful development of both businesses,” said Morgensen, in statement.