Marcopoto to step down from Turner

Steve Marcopoto will step down as president and MD of Turner International Asia Pacific from December.Marcopoto spent some 15 years with Turner Broadcasting. Steering the media group through a number of sweeping industry changes.Under his leadership Turner went from broadcasting two networks in the region to 36 channels today along with a vast variety of digital and off-channel commerce activities."In an increasingly competitive environment, he has maintained our leadership position in news and kids channels, forged entry into new territories and built great partnerships,”Gerhard Zeiler, president of Turner Broadcasting System International said.His successor will be announced in due course.In late June Turner International announced a round of redundancies in Hong Kong, with 30% of its workforce said to be affected.The owner of CNN, Time and Cartoon Network, Turner said it move was part of a plan to decentralise a number of functions from its Hong Kong headquarters."This restructure is a tough but absolutely necessary," Marcopoto said at the time.Marcopoto said he will remain as a senior advisor to Turner International president Gerhard Zeiler, to ensure a seamless transition and provide continuity on current new initiatives. . The company said a A successor will be announced in due course.