Aurum GM Canizares exits

Move echoes turbulent management changes

Alberto Canizares has ankled as general manager of Aurum Prods.

Aurum ranks as one of Spain’s leading independent distribution houses and is a sister company to the U.K.’s Momentum Pictures.

The departure of Canizares echoes turbulent top management changes at Momentum sparked by the drawn-out sale of the two companies’ Canadian parent Alliance Atlantis to Goldman Sachs.

At Momentum managing director Xavier Marchand was suspended in January, and replaced by Richard Napper. From early February, Momentum’s new management team became responsible for acquisitions at both Momentum and Aurum. Canizares’ departure reflects further reorganization.

“Following a restructuring of Aurum, the general manager position has been dissolved. As a result Alberto Canizares has been made redundant with daily supervision of the office being assumed by the European MD,” said Napper, the European MD of Momentum/Aurum.

Canizares’ departure comes ironically after a strong early-year run at Aurum, which was Spain’s top-grossing indie distributor first quarter 2007, thanks to solid B.O. perfs from “Apocalypto” and “Hannibal Rising.”

The Spaniard was regarded as a serious and efficient executive. His replacement has not been made public.

Neither Canizares nor Momentum was available for comment.

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