Sophie Turner Laing is to step down as the CEO of Endemol Shine Group next week after Banijay Group completed its $2.2BN takeover of the production giant.
Turner Laing has run MasterChef and Big Brother producer Endemol Shine since 2014, but will step down on July 7 and Banijay Group CEO Marco Bassetti will take control of the combined entity.
The completion of the takeover follows the European Commission providing regulatory approval for the deal earlier this week, eight months after Banijay first announced it was acquiring its competitor from Disney and Apollo Global Management.
Commenting on her departure, which Deadline first mooted last year, Turner Laing said: “This deal bookmarks a creatively rich, commercially successful and relentlessly prolific five and a half years as Endemol Shine Group.
“It has been a real privilege and honour to lead such a talented and dynamic group of people, each of whom has played their part in, and should be proud of, our many collective successes over this time.”
Bassetti added: “The close of this unique deal represents the joining of two businesses built on entrepreneurialism, creativity and people. Aligned in thinking, and approach, we now stand together as the world’s largest international content creation and distribution group.”
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