In an internal call, Peter Langenberg, COO of Banijay Group, which owns 51% of Endemol Shine India, notified employees of Rege’s exit.
He also said that until a replacement for Rege is found, he will step in as president/manager for the time being to maintain continuity.
Langenberg wrote in the note accessed by ET.
Reggie could not be reached for comment.
Worked on Endemol for 15 years.
One of Economic Times’ Spencer Stewart India magazine’s “40 Under 40 Business Leaders” in 2018, Rege has been pivotal in driving growth in Endemol Shine India, be it in a creative role or a business executive role.
Under his leadership, Endemol Shine India in the past few years has transformed itself from being just an unwritten content company to one that delivers content across screens, languages and genres in TV, Film and Digital.
Prior to assuming his current position, Reggie, as the Company’s COO, had led over Rs 200 crore for TV business, business strategy and filmmaking operations in India.
Endemol Shine Group was bought by Banijay Group in July 2020. Prior to that, it was owned by Walt Disney and the funds were managed by affiliates of Apollo Global Management.
KKR-backed private equity firm Emerald Media holds a 49% stake in Endemol Shine India.