Steve Marcopoto will step down as president and MD of Turner International Asia-Pacific at the end of his contract this December, ending a 15-year career with the company.
Marcopoto will however be staying on as a senior advisor to Turner International president Gerhard Zeiler, to ensure a seamless transition and provide continuity on current new initiatives.
Turner is currently looking both internally and externally for a successor to Marcopoto's role.
Thanking Marcopoto for his work, Zeiler said, "Steve has guided Turner Asia Pacific through a period of rapid change. Under his exceptional leadership Turner went from broadcasting two networks in the region to 36 channels today along with a vast variety of digital and off-channel commerce activities."
Marcopoto has recently completed a round of job cuts and reorganisation for Turner Asia-Pacific that he deemed "tough, but absolutely necessary". In June, it was announced that that Turner Asia-Pacific would be cutting its headcount by 30 per cent. This followed a prior round of job cuts in October 2012, which amounted to 10 per cent of Turner's workforce.
Turner has also decentralised its Asia-Pacific operations from its Hong Kong headquarters, which may mean that Marcopoto's successor won't be occupying an identical job function.
"Now is the best moment for the company to put a fresh set of hands in charge," said Marcopoto on his pending departure. "It feels right to initiate the handover now as I complete 15 years in this job, and I intend to hand over Turner Asia Pacific to my successor in an optimal state.”
The article first appeared on campaignasia.com
Top news, insights and analysis every weekday
Sign up for Campaign Bulletins
20 hours ago
Watch the films conceptualised by Ogilvy here