John Suh is ankling his post as Panavision CEO.
Suh will join Deluxe Entertainment Services Group, where he will be chief administrative officer.
Deluxe is owned by billionaire Ronald Perelman, former owner of Panavision. Suh’s tenure at Panavision, which began in 2007, overlapped with Perelman’s ownership by several years.
Panavision’s board is already looking for a replacement for Suh. Bob Del Genio will be interim CEO.
Move marks the third change of CEO for Panavision in three years. Suh has been CEO for less than a year, having ascended to the post from chief operating officer in June. He replaced Bill Bevins, who was moved out of the job in 2009.
In a March 27 internal memo obtained by Variety, Suh told staffers, “I understand that my announcement is potentially unsettling given the changes in the CEO role over the past few years, but please understand that I still strongly believe in the path that Panavision is driving towards, and I am confident that the company will continue forward in its success and exemplary customer commitment.”
Panavision supplies an array of production gear to productions around the world. Its original core business of designing, building and renting 35mm cameras and lenses has been eroded by the shift to digital.