Endemol shakes up senior management
Editor ©RapidTVNews | 14-05-2012
Following months of debt restructuring, fending off hostile take-over bids and executive shuffles, Endemol has now changed the composition of its senior management team.
At the helm of the company, which claims to be the world’s largest independent production house, will be Tim Hincks who has been promoted from CEO of Endemol UK to President of Endemol Group and former Chairman and CEO of Endemol France Virginie Calmels who will now become Chief Operating Officer at Endemol Group. Both will report directly to Just Spee, who was appointed CEO of Endemol Group at the beginning of April 2012.
Commented Spee: “I very much look forward to working closely with Tim and Virginie at an extremely exciting time for Endemol. This is an exceptional company with a unique platform and some of the most talented and creative people in the business. With Tim and Virginie’s expertise in the central management team and an agreement with lenders in place that will put the company on a firm financial footing we are strongly positioned for a bright future.”
As President of Endemol Group, Hincks will be responsible for overseeing the company’s operations in the US and UK, further building the collaboration and synergy between these key markets, as well as the creation and commercial exploitation of content across the Group’s worldwide network. He will continue to have responsibility for Endemol UK’s business as its Chairman. As COO Calmels will be responsible for overseeing Endemol’s operations in the European markets (12 territories, including France) as well as further enhancing the Group’s efficiency. Calmels will have continued responsibility for Endemol France’s business.
The move follows a period of uncertainty both in and out of the Endemol boardroom. Only a few weeks ago the company announced both the departure of group president Marco Bassetti and that the restructuring of its debt, thought at one stage to be in the region of €3 billion, was in its final stages. Furthermore the firm has just celebrated new commissions at its international production hubs from broadcasters in China.
The producer of Million Pound Drop, The Bank Job, and Big Brother claims that it has achieved year on year revenue growth in 2011 of 10% to nearly €1.4 billion driven by a number of factors including significant expansion in scripted programming, where year on year growth was 34%.
Across 2011 Endemol produced 189 formats in all entertainment genres, 56 of which were new shows produced for the first time, whilst its global distribution operation added 1,000 hours of new programming to its catalogue, bringing the total to 24,000 hours.