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.”