NEP Group CEO Brian Sullivan Is Stepping Down; CFO Martin Stewart To Take Over
SVP, Finance Doug Kovach will replace Stewart
NEP Group CEO Brian Sullivan is leaving his position, and current CFO Martin Stewart will take over as chief executive for the global live-production heavyweight.
Sullivan was named CEO in August 2020 and helped lead NEP through the pandemic and to record profitability in 2022. He also played a key role in strategically repositioning the business for growth in new areas, such as centralized production.
Stewart’s career comprises more than 30 years in leadership roles in the media, telecommunications, and sports sectors, including Ono in Spain, OSN in Dubai, and Sky NZ in New Zealand. He was CFO at Sky UK as the company transformed from an analog business to a digital one and helped double the size of the business during his tenure. He has held many other executive and non-executive roles, gaining experience in both public and private companies.
The NEP Board of Directors said in a statement, “We thank Brian for his significant contributions to NEP Group, including delivering record profitability for the company in 2022 and winning marquee centralized-production contracts that will be a foundation of future growth. We appreciate his dedication and service and wish him all the best in his future endeavors. We are delighted Martin will be stepping up to lead the company as it enters its next phase of growth. Martin is an established leader with an impressive track record driving business transformation, which will be hugely influential as we continue to grow the business and double down on operational excellence.”
Says Stewart, “I am thrilled to serve as NEP Group CEO and look forward to building upon our momentum in positioning the business for continued growth. This is an exciting time for our industry as new technologies turbocharge our ability to deliver to our stakeholders in new and innovative ways. Undoubtedly, NEP Group has a bright future ahead.”
Doug Kovach will be promoted to the role of CFO following 12 years with NEP. He is currently SVP, finance and treasurer and brings deep finance expertise as well as knowledge of NEP’s mergers and acquisitions, tax-planning strategies, global treasury activities, and accounting and operational processes.