Roger
Flynn announces intention to leave the 麻豆社
Roger
Flynn, Chief Executive, 麻豆社 Ventures Group, and a member of the
麻豆社's Executive Committee, has announced today his intention to
leave the 麻豆社 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 麻豆社 Technology Ltd, which was also announced
today.
He
joined the 麻豆社 in 2001 to refocus the Corporation's substantial
range of media service operations under a new commercial division,
麻豆社 Ventures Group.
The
Group comprises 麻豆社 Technology, 麻豆社 Broadcast, 麻豆社 Resources and
麻豆社 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 麻豆社, a 拢25 million turnaround to profits
of 拢14.5 million and a 50% growth in third party revenues.
麻豆社
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 麻豆社 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 麻豆社 and
I am pleased with the turnaround of 麻豆社 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 麻豆社 Ventures in good shape,
with a strong management team and prospects in place."
Notes
to Editors
麻豆社
to sell Technology subsidiary
About
麻豆社 Ventures
麻豆社
Ventures Group, the 麻豆社's business to business commercial division,
comprises four operating businesses: 麻豆社 Technology, 麻豆社 Broadcast,
麻豆社 Resources and 麻豆社 Vecta.
The
group provides a full range of managed media services and facilities
to the 麻豆社 and other media companies both in the UK and internationally.
It
has been tasked with maximising commercial return back to the 麻豆社
for the benefit of programme making and other 麻豆社 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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