Endemol Shine Asia’s Fotini Paraskakis is slated to depart the company as managing director following structural changes made to the regional office.
Paraskakis will depart the Asian division of Endemol Shine Group to pursue a new venture. She joined Endemol Shine Asia in February 2013 and is currently responsible for Endemol Shine’s creative, production and format sales activities across Asia.
“I want to take this opportunity to say a huge thank you to Fotini, who has played a central role in growing our business in Asia since she was appointed in 2013,” said Endemol Shine Group CEO Sophie Turner Laing in an internal email sent to staff.
“Under her leadership, Endemol Shine Asia has grown to become the number one content provider across the region, delivering top-rated localized formats, world-class productions for key pan-regional clients, and ground-breaking creative collaboration in Korea. She will be departing with our deepest gratitude for her invaluable contribution.”
Under the restructuring, Endemol Shine Group will shift its focus to its long-established production operations around the region to serve its Asian clients, rather than producing out of Singapore. This will allow Endemol Shine Group to dedicate further resources to the format sales business in the sovereign city-state.
As well, the global producer-distributor will form a dedicated regional format sales team out of Singapore and Mumbai which will report into Endemol Shine International CEO Cathy Payne.
The creative networks team will pursue Endemol Shine’s regional creative development partnerships in Asia, such as last year’s deal with South Korea’s CJ E&M, which delivered the politically-charged reality format The Society Game, and its ongoing relationship with Korea’s JTBC.
“On the production side, we will continue to focus our strategy in line with the shifting regional and global marketplace, including greater use of shared hubs for international formats, given these allow us to deliver world class production value within budgets scaled to fit different sized markets,” added Turner Laing.
Paraskakis will oversee the company restructuring, which is slated to be in place by mid-2018.
Overseeing the business across Asia will be the newly appointed Nicola Bamford, who is now in place as CEO of international operations. Bamford is also responsible for operating companies in China, France, Iberia, India, Italy and Israel.
“This new structure will play to Endemol Shine Asia’s principle strengths as the number one formats company in the region, while adopting a more international approach to producing for Asian platforms,” added Paraskakis.
“There is much to do over the coming months as we implement these changes, but once that process is complete, I will be ready for my next challenge, as there is so much untapped potential in the Asia market.”
Prior to joining the global producer-distributor, Paraskakis served as director of content for FremantleMedia Asia where she managed creative, production and content for all of the company’s formats in the region, including Idols, Got Talent and The X Factor, and also created the first live Asian Idol.
Before that, she produced and managed projects for networks across Asia and the UK, including Star TV, Channel 4, BBC, MTV, Disney and ESPN. She began her career in television at BBC Drama in the UK.