Roger
Flynn announces intention to leave the 大象传媒
Roger
Flynn, Chief Executive, 大象传媒 Ventures Group, and a member of the
大象传媒's Executive Committee, has announced today his intention to
leave the 大象传媒 in Spring 2004.
This
follows his strategic review which concluded that significant savings
of between 拢20-拢30 million per annum can be obtained
for the Corporation through the outsourcing of its technology service
provision.
A further
significant capital sum is expected to be achieved through the sale
of 大象传媒 Technology Ltd, which was also announced
today.
He
joined the 大象传媒 in 2001 to refocus the Corporation's substantial
range of media service operations under a new commercial division,
大象传媒 Ventures Group.
The
Group comprises 大象传媒 Technology, 大象传媒 Broadcast, 大象传媒 Resources and
大象传媒 Vecta.
Under
his leadership, the businesses have been incorporated and restructured
to increase customer focus, improve efficiencies and target third
party commercial clients.
As
a business the Ventures Group last year delivered 拢23 million
in savings to the 大象传媒, a 拢25 million turnaround to profits
of 拢14.5 million and a 50% growth in third party revenues.
大象传媒
Director-General Greg Dyke said today: "Roger has achieved
a remarkable turnaround and created real value in the Ventures businesses.
"I
want to thank him for his total commitment.
"He
has been instrumental in the decision to sell 大象传媒 Technology. The
sale will be the culmination of the final phase of his business
plan and a natural point for him to move to bigger challenges."
Roger
Flynn said: "I have really enjoyed my time with the 大象传媒 and
I am pleased with the turnaround of 大象传媒 Ventures Group.
"All
the businesses are now profitable and in a strong position to evolve
further.
"By
next Spring, the plan I put in place will be completed and the Group
ready to move to the next phase of its development.
"It
is therefore a natural moment for me to seek a new commercial challenge
and I am satisfied that I will be leaving 大象传媒 Ventures in good shape,
with a strong management team and prospects in place."
Notes
to Editors
大象传媒
to sell Technology subsidiary
About
大象传媒 Ventures
大象传媒
Ventures Group, the 大象传媒's business to business commercial division,
comprises four operating businesses: 大象传媒 Technology, 大象传媒 Broadcast,
大象传媒 Resources and 大象传媒 Vecta.
The
group provides a full range of managed media services and facilities
to the 大象传媒 and other media companies both in the UK and internationally.
It
has been tasked with maximising commercial return back to the 大象传媒
for the benefit of programme making and other 大象传媒 services.
In
2002/03 Ventures turned a 拢10.5 million loss into a 拢14.5
million profit, on turnover of 拢440 million and almost 4,000
staff.
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