Thomas Hedman has resigned as managing director of Guild Entertainment, the leading independent film distributor owned by French conglom Chargeurs.

Hedman, co-founder of Guild, is leaving to pursue other business interests, according to a company spokesman.

Hedman could not be reached for comment.

However, Chargeurs is believed to have been unhappy with Guild’s performance for some time, and was already hunting for new management. In the meantime, the French company has sent one of its rising young execs,Alexis Lloyd, to take the reins at Guild.

Last year, Guild reported a loss on gross sales of around $ 30 million, with “Cliffhanger” providing the one bright spot in a disappointing lineup, which included “1492” and “Chaplin.” The company is the regular U.K. distributor of Carolco product.

The departure of Hedman makes likely a closer integration of Guild with the rest of Chargeurs’ growing film empire, which includes the French distrib AMLF and German distrib Tobis. These companies have not worked together on acquisitions.

Ironically, it was Hedman who took Guild into its first film production venture, “Last of the Dog Men,” which begins shooting in April.

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