Michael Quast, CEO of The Holmes Group, is leaving the company.
According to a release from The Holmes Group issued Monday, “the amicable split comes on the heels of lengthy discussions on the company’s future direction.”
“We blazed a new trail and I’m very proud of what we created together. I always knew there was great potential and I think what we achieved in a short time was remarkable,” said Quast in a statement.
Quast and Mike Holmes, host of HGTV’s Holmes on Homes, first met in 2001, when the contractor presented Quast with the idea that spawned the TV show.
Quast became the series’ first production exec, and in 2005 joined The Holmes Group as VP development, before being named CEO recently.
“Michael has been an important part of The Holmes Group since 2005. Even before that, when he was a production executive at HGTV, Michael was the guy who ‘tricked’ me into doing a television series in the first place,” said Mike Holmes in his own statement.
“The Holmes Group continues to push forward and grow. You’re going to see big things,” he added.
Back in November, Holmes restructured his production shingle, naming Quast the sole CEO of The Holmes Group.
Former Holmes Group co-CEO Pete Kettlewell was tapped to head up Point Load Pictures, a new indie production company to operate as a joint venture with Holmes as chairman, to develop and produces new series outside of the Holmes Group brands.
As previously reported by realscreen sister publication Playback, Point Load Pictures has a development deal with HGTV Canada, the specialty channel that made Mike Holmes a recognizable face for Canadians, and now stateside with his shows that air on HGTV U.S.
(From Playback Daily)