John Smith is to step down after eight years as CEO of BBC Worldwide, and Tim Davie, currently director of BBC Audio & Music, has been named as his successor.
BBC Director-General, George Entwistle, said: “I want to thank John for his enormous contribution to the success of BBC Worldwide in recent years. He has turned the company into a truly global phenomenon delivering a fantastic financial injection into the BBC every year. He leaves the company ideally set up for the future challenges it faces in a digital world.”
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