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³ÉÈË¿ìÊÖ Worldwide today announced that Neil Chugani will step down as Chief Financial Officer with immediate effect, following his decision to join Shine Group, the independent production company. Philip Vincent, currently Deputy CFO at ³ÉÈË¿ìÊÖ Worldwide, will become acting Chief Financial Officer.

Chugani, who will become CFO at Shine, joined ³ÉÈË¿ìÊÖ Worldwide in his current role in 2007. Since then he has led a comprehensive transformation of the finance function and its role within the business, as well as a range of corporate activity including the successful acquisition of 2 entertain from the administrators of Woolworths.

Philip Vincent joined ³ÉÈË¿ìÊÖ Worldwide in 2000, having joined the ³ÉÈË¿ìÊÖ in 1998, and was appointed Deputy CFO earlier this year. His previous positions at ³ÉÈË¿ìÊÖ Worldwide included Group Finance Director, Broadcast and Digital and Finance Director of Channels.

John Smith, Chief Executive of ³ÉÈË¿ìÊÖ Worldwide, said: "Neil has been an important member of the senior team at ³ÉÈË¿ìÊÖ Worldwide. In his capacity as CFO, he has made a real contribution to our continuing financial success. On behalf of the Board and the company, I would like to thank him, and wish him every future success. As we take time to consider the question of Neil's replacement, the Board is confident that we have an excellent acting CFO in Philip Vincent."

Neil Chugani, outgoing CFO of ³ÉÈË¿ìÊÖ Worldwide, said: "I leave ³ÉÈË¿ìÊÖ Worldwide with huge respect for what the company does, and the success it has achieved and look forward to continuing my relationship with both the ³ÉÈË¿ìÊÖ and ³ÉÈË¿ìÊÖ Worldwide in my new role."

Esther Brown