| MUMBAI:
Tom Barnicoat, chief operating officer of television format owner and distributor
Endemol, has resigned, the company announced today. Endemol, best known as
the creator of the Big Brother format, offered no explanations as to the
reasons for Barnicoat's departure except to state that he would be stepping down
with immediate effect.
The responsibilities of Barnicoat will be taken over by other
members of the Endemol management board until further notice.
Barnicoat was previously Endemol UK CEO. He was appointed
Endemol COO in January 2005.
Barnicoat will receive a
severance and pension payout of £2.79 million (£ 2,599,999 and £
191,042 respectively). |