Management changes at Endemol

The president of production and distribution group Endemol has stepped down. Marco Bassetti announced his departure having joined Endemol in 1997 when his production company, Aran, was acquired by the company.

Endemol said that interim CEO Justin Spee will now take the position on a full-time basis. He had been sharing the role on a temporary basis with Bassetti.

Bassetti said: “With Endemol’s capital restructuring in the final stages of completion now feels like the right time for me to move on. I am leaving behind a great company, run by exceptional talent and in sound creative, operational and financial shape.”

Endemol is in the final stages of a financial restructuring process. Ex-ITV boss Sir Charles Allen is now on the Endemol board and said: “We’d like to pay tribute to Marco, who joined the Group in 1997 and has made a significant contribution from both a leadership and creative perspective. He has held various roles including chief operating officer, group president and most recently interim CEO alongside Justin Spee and on behalf of the Board we would like to thank him for the role he has played in the company’s success.”