Jean-Paul Aussenard/Wireimage; Inset: FilmMagic
July 30, 2012 05:00 PM

As the furor surrounding Katie Holmes‘s speedy divorce from Tom Cruise dies down, a close friend of the pair is speaking out about the love that still exists between them.

“They’re doing great,” said director Adam Shankman to Ryan Seacrest on Seacrest’s radio show Monday morning.

Shankman, who directed Cruise in Rock of Ages, added that Cruise and Holmes “actually love each other so much, and believe in each other.”

Cruise seemed blindsided when Holmes filed for divorce in June, but won generous visitation rights of daughter Suri when he and Holmes reached a settlement less than two weeks later.

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