Shine Group’s founder and chairman Elisabeth Murdoch will step down following the closing of the Shine-Endemol-Core merger, sources have confirmed to realscreen.
Murdoch – the daughter of 21st Century Fox CEO Rupert Murdoch – served as CEO of the company from 2001 until 2012, when she named Alex Mahon as CEO.
Until the merger is complete – pending regulatory approval – Mahon will continue in her role as CEO of Shine Group, as will Just Spee, current chief executive at Endemol.
It is understood that Murdoch was planning to leave Shine, but cannot do so officially until the joint venture is formed.
(With files from Barry Walsh)