BBC Sets Investment Guru Damon Buffini As Chair Of Commercial Board; Annual Plan Unveils Representation Targets & Hints At Cuts To Come

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Damon Buffini, a Founding Partner of global investment firm Permira, is to chair the BBC’s Commercial Board, a move that reflects the corporation’s desire to generate more investment fr…

, as it unveils an Annual Plan that includes targets for 25% working class representation and hints at incoming cuts.

He was previously a Non-Exec Director on the re-named and re-jigged Board, which is now made up of majority Non-Execs from external backgrounds including commercial, financial and digital. Buffini is a Founding Partner of global investment firm Permira and has a long history of involvement in the arts, including being Governer of the Wellcome Trust.Buffini said: “BBC Studios has an impressive track record for creativity and business within the creative industries and the new board arrangements are a significant step to enhancing this further, both in the UK and globally.”

Unveiling its Annual Plan today, the BBC said it will set out more detail of how it intends to deal with this freeze in May, hinting that cuts could be incoming. The corporation needs to find around £1.5BN worth of savings over the next five years.

 

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