Kragh whittles down units, Jensen to step down
COPENHAGEN — Egmont CEO Steffen Kragh has orchestrated a management reshuffle only three weeks after taking on the Danish media group’s top job.
Egmont’s 16 business units will be reduced to six divisions — Nordisk film, entertainment, magazines, kids and teens, books and international. Most will be headed by the current managing directors of the business areas.
At the same time, Erik Jensen, who had been the company’s interim head, said he would step down Dec. 1 for a job outside the media industry.
Nordisk Film chief Soren Jacobsen is staying on. Nordisk has 25 subsids across Scandinavia covering all aspects of film production and has just completed Ole Bornedal’s $14 million “I Am Dina,” the most expensive Scandi feature ever produced.
Egmont Entertainment CEO Kenneth Plummer also will remain. His division is Scandinavia’s largest TV programming supplier and a key film and video distributor.
“Egmont will continue to be a major player in the development and production of films, television programming and electronic games as content suppliers,” Kragh said.
“The purpose of the new structure is to ensure a continued expansion on the Nordic home market, to exploit our media position by new technology and, at the same time, increase profitability, refocusing the international business,” he added. “The first step has been to assemble a group management close to operations.”
Egmont comprises 113 companies in 24 countries. The group generated sales of $1.1 billion in 2000.