MUMBAI: The latest in line of executive departures at MTVN, MTV Networks Europe president and CEO Simon Guild announced his decision to not renew his contract. Guild has put in over 14 years as a broadcaster of niche channels including Nickelodeon, MTV, and TMF.

"As my contract was up for renewal I decided it was time to look for something new," Guild said in a statement to the press.

MTV Networks vice chairman Bill Roedy said, "Over the past 14 years, Simon has been instrumental in driving the growth of the company's European business, which has become the region's biggest portfolio of leading multimedia brands under his leadership."

Guild also added that "I have had 14 great years at MTV Networks Europe and I am proud to have played a key role in developing the business, but I want to move on to new challenges.
"As my contract was expiring, it seemed like a logical time to make a change. I know that I am leaving the business in the hands of some extremely capable executives across Europe with whom I have enjoyed working enormously.

Over the next few weeks, I will work with them and the company's leadership to ensure a smooth transition."

During his time at MTV, Guild helped to establish a vision for developing MTV Networks' major brands, such as MTV and Nickelodeon, and expanded them across consumer products, digital media, events and marketing partnerships.