Global producer-distributor Endemol Shine Group has dismissed two top executives in its Endemol Shine Turkey division after discovering what the parent company calls “serious issues” with local management.
CEO Gokan Tatarer and chief commercial officer Hakan Eren (pictured) have been axed following a review by Endemol of its operations in Turkey.
“Endemol Shine Group (has) appointed independent financial and legal consultants to carry out a comprehensive analysis of all outstanding debts in the Turkish operating company and to ensure the process of addressing these is carried out properly and fairly. Meetings with creditors’ representatives are due to begin at the end of this week,” the parent co confirmed in a statement.
The company apologized for a payment backlog at the Turkish branch, which is impacting some employees.
“While we are working to address this as quickly as possible, the process is taking some time while an in depth investigation of the local business is completed,” the statement reads.
“We expect to be able to make further announcements very soon regarding next steps.”