Film and cinema distribution group Dendy Icon has announced that Greg Hughes has resigned from his position as CEO, after joining the company 11 years ago.

A statement issued by Dendy Icon said that during his time as CEO, Hughes “firmly established Icon Films as a leading independent film distributor in Australia and New Zealand”.

“Under his leadership, the business has undertaken significant initiatives including developing the home entertainment business, acquisition of the Dendy Cinema chain, launching the on-demand digital platform Dendy Direct, and most recently, pioneering the new hybrid theatrical and premium on-demand model Dendy Marquee,” the statement said.

“The board thanks Greg for his stellar contribution over the past 11 years and wish him all the best in his future endeavours.”

Commenting on his resignation, Hughes said: “The last 11 years have been an amazing journey and I feel proud to have been part of the company’s phenomenal track record of innovation over that time.

“It’s been a privilege working alongside the talented staff at Dendy Icon, and I thank them and the board for their commitment and support during my five-year tenure as CEO. I wish the company every success for the future and I look forward to the next challenge.”