RGM Media's chief executive Devesh Chetty has resigned from the fledgling talent agency and production house.
A spokesperson said Chetty had resigned to focus on building the company’s production division – he will remain on the RGM board as an executive director.
RGM executive director Tim Morrison has been appointed acting CEO while a worldwide search is undertaken to find a permanent replacement.
“I thank Devesh for his leadership in taking RGM public last year and for forging relationships in Singapore and the emerging Asian markets," Morrison said in a statement released to the Australian Securities Exchange.
"The company that he has established is poised to take advantage of the Australian incentives and the enormous promise of the Asian markets.”
Earlier this month, RGM announced a $2.56 million half year net loss as it continues to expand its film and TV production business.
The company is focused on emerging markets and recently signed an agreement with Fox International Productions to co-finance a slate of non-English language projects. It also plans to produce feature films including a sequel to 1991 hit Point Break.