The local operations will continue to operate as normal under the direction and leadership of their local managing directors, who will now report jointly to Bassetti and Spee until a new chief executive is appointed.
Bassetti has been with Endemol since 1997, and served two years as chief operating officer beginning in 2007. Spee joined Endemol in 2010 and has been responsible for implementing a wide range of major improvements to the Group's management systems. Allen joined Endemol as a non-executive director in 2009. He has had over 20 years experience in the media industry.
Commenting on behalf of the Board, Allen says: "Kreiz has managed Endemol through an extremely challenging economic environment. The
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