India’s Reliance Mediaworks has announced the appointment of Venkatesh Roddam as the CEO of the Film and Media Services division, and Ashok Ganapathy as the CEO of Exhibition. Current CEO Anil Arjun has also stepped down from his post.

These are part of the entertainment conglomerate’s plans to restructure operations. “The appointments will enhance the independent focus on each operating division and thereby enhance revenues and profitability,” Reliance MediaWorks said in a filing to the BSE.

Arjun will continue with the company as a strategic advisor.

RMW recently signed a pact with an international private equity firm for a funding of Rs 605 crore for its film and media services division. It also filed documents with SEBI for raising up to Rs 600 crore by way of rights issue to existing equity shareholders to “substantially reduce the debt”.