Two board changes for MediaCorp
Clive Eplett replaces Nilesh Jagatia as head of finance, while Eyeconomy MD Mark Butt joins the board.
Media Corporation has appointed Clive Eplett as its new head of finance, replacing Nilesh Jagatia who left the company earlier this week after five years in the role.
Meanwhile Mark Butt, managing director of MediaCorp’s advertising arm Eyeconomy, has been appointed to the company’s board. As well as his directorship with Eyeconomy, Butt previously served as a director of Butt Media, which was placed into compulsory liquidation in 2004 and completed the following year.
He oversaw the renewal of Eyeconomy’s deal to provide all third-party advertising for Express Newspapers in December last year, a partnership worth approximately £1m a year since 2009 and described by Eyeconomy as being “Expected to generate similar revenues going forward.”
Eplett comes from an accounting background, having begun his career with Deloitte, Haskins & Sells in the late 1970s, and spent 10 years as finance director of restaurant and pub business SFI Group before leaving in 2001. More recently he has provided freelance finance director services through Eplett Associates.
His appointment is the latest in a series of senior-level changes at the business, which announced plans to place its Purple Lounge online poker and casino business into liquidation in May this year with Baker Tilly appointed to carry out the task.
Chief executive Justin Drummond stepped down in February, while his interim replacement Sara Vincent left the company three months later. Chairman Jason Drummond departed in May, with Phil Jackson taking over his role and Adam Fraser-Harris being appointed interim CEO.
Last month MediaCorp settled a legal dispute with CD Casino Ltd, a disputewhich it had earlier claimed brought about the initial temporary closure of Purple Lounge.