Cris Abrego and Charlie Corwin have been named co-chairmen and co-CEOs of the North American leg for the new joint venture that will combine Endemol, Shine Group and Core Media.
The duo will spearhead the day-to-day operations while continuing to report to boss Tim Hincks, who on Monday was named president of the upcoming global multiplatform contend provider. Peter Hurwitz will oversee Core Media as its president.
Earlier on Tuesday, it was revealed that Shine America CEO Rich Ross is leaving that post to become president of the Discovery Channel. Shine Group CEO Alex Mahon will undertake day-to-day responsibilities for Shine America until the new joint venture — which is pending standard regulatory review — is finalized.
Also read: Rich Ross Named Discovery Channel President
“Cris and Charlie are exceptionally creative entrepreneurs and leaders who are tremendously respected by the creative community, partners, and colleagues alike,” said Sophie Turner Laing and Hincks. “Together with Peter we couldn’t ask for stronger executives to spearhead the venture’s U.S. operations into a new phase of creativity and growth.”
“We are thrilled by the opportunity to grow these businesses, both creatively and commercially,” said Abrego and Corwin. “Having been part of the team that has laid such a strong foundation over the past few years it’s been a privilege to work alongside the most creative, innovative and driven talent and executives in the business; and we’re excited about where we collectively can take this new venture.”
“This is a transformative time in our industry. The new venture will be a magnet for creative talent and presents huge opportunities for the future growth of Core,” added Hurwitz.
Also read: Shine America CEO Rich Ross Exiting Company
On Ross’ departure, Turner Laing and Hincks added: “We’d like to thank Rich for his leadership of Shine America. His creative talent has led the business through a period of tremendous commercial and creative growth, which has left an indelible mark on the Company. We wish him all the best in his future endeavors.”
“As I get ready for my next adventure I can’t help but reflect on what has been an incredible experience Shine America has been for me both personally and professionally,” Ross said. “I’m proud of the work we have accomplished together and I’m very grateful to the entire Shine family for their collaboration and support over the last few years. I wish them all the best as they embark on this incredibly exciting new era.”