Mark and Carl Fennessy to remain with Endemol Shine Group

Not going after all! Mark and Carl Fennessy to remain with Endemol Shine Group

•  Brothers appointed joint CEO’s of Endemol Shine Australia

Following a period of strong performance in Australia and after continuing and positive discussions, it was announced today that Mark and Carl Fennessy will become joint CEOs of Endemol Shine Australia.
Mark and Carl Fennessy said:

“Since giving notice we have continued to work through a transition, producing our current slate of shows and assisting with a succession plan. Our pride in the local business coupled with a fierce loyalty towards our talented staff was always going to make departing difficult. They say a week’s a long time in television – so after further discussion and consideration we’ve decided to accept the opportunity of managing the merged company. We’re genuinely excited about being part of the next chapter for a combined Australian business within Endemol Shine Group.”

Sophie Turner Laing, CEO, Endemol Shine Group said:

“I’m absolutely thrilled that Mark and Carl have now decided to stay on to bring together and lead our Australian business and it couldn’t feel more right. We look forward to great future success with them at the helm of Endemol Shine Australia whilst playing a key role internationally.”

Martha Brass, CEO, International Operations, Endemol Shine Group said:
“Our conversations with Mark and Carl have been positive throughout, from our early discussions to their decision to take a break and then over the last couple of months as they helped us plan for new leaders for the combined business. I’d like to express heartfelt thanks to everyone involved in this process, which has been undertaken with great dedication and has undoubtedly produced the best outcome.”
With leadership confirmed, the process of integrating Endemol Australia and Shine Australia will now commence with further details to follow in due course

Endemol Shine Group is the new joint venture bringing together Endemol, Shine and CORE Media, to create a global content creator, producer and distributor with a portfolio of international hits including American Idol, Big Brother, Black Mirror, Broadchurch, Bron/Broen, Deal or No Deal, Grantchester, Man vs. Food, MasterChef, Mr. Bean, One Born Every Minute, Peaky Blinders, So You Think You Can Dance, The Biggest Loser, The Fall, The Money Drop, Wipeout, and many more.

Endemol Shine Group’s businesses have creative operations in over 30 markets, with a diverse portfolio of over 600 revenue generating formats across scripted and non-scripted genres; coupled with digital, gaming, and distribution operations.

21st Century Fox and funds managed by affiliates of Apollo Global Management, LLC jointly manage Endemol Shine Group, with each owning 50 per cent. CORE Media continues to retain its own capital structure within the new joint venture.

Source: Endemol Shine Group

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