Turner International Asia Pacific (Turner) completed a regional reorganisation, which was announced today by Steve Marcopoto, the company’s President and Managing Director.
Commenting on the development Marcopoto stated, “This important rationalisation completes a process we began last year to optimise the operating and financial performance of our core business while positioning ourselves for further investments to drive our next stage of growth.”
The management of the company’s expansive portfolio of 24 networks, 29 websites and other businesses across 23 territories has now been fully rationalised into three operating regions. As a result, Siddharth Jain, MD South Asia; Yew Ming Lau, MD North Asia; Sunny Saha, MD Southeast Asia/Pacific; and Phil Nelson, VP Business Development would be reporting directly to Marcopoto.
Elaborating further Marcopoto said, “Everything we are announcing today was carefully considered during several months of studying how our current structure aligned with our future ambition. We are most grateful for the service and commitment of those employees directly affected and will work to ensure that they are offered appropriate support to find new opportunities.”
Marcopoto added that a number of positions across the region had been eliminated as the result of a related organisational efficiency review.
“All these steps make us a more agile organisation with enhanced focus and decision-making in each market of this large and complex region of regions. As a pioneer and one of the biggest players in Asia Pacific broadcasting, we remain committed to investing in pursuit of future expansion,” concluded Marcopoto.