Emilio Azcárraga Jean Explained

Emilio Azcárraga Jean
Birth Name:Emilio Fernando Azcárraga Jean
Birth Date:21 February 1968
Birth Place:Mexico City, Mexico
Alma Mater:Lakefield College School
Universidad Iberoamericana
Known For:Chairman & former CEO of Televisa
Chairman of Club América
Spouse:
    Children:3
    Parents:Emilio Azcárraga Milmo (father)
    Nadine Jean (mother)

    Emilio Fernando Azcárraga Jean (pronounced as /es/; born 21 February 1968) is a Mexican businessman who is the chairman of mass media company Televisa and professional football team Club América.

    In 1997, at the age of 29, Azcárraga Jean became the CEO of Grupo Televisa – which had been founded by his family in 1973 – following the death of his father Emilio Azcárraga Milmo. He led Televisa for twenty years, and was credited with the financial turnaround of a highly indebted and struggling company. Under Azcárraga Jean, Televisa expanded its satellite TV, cable and telecommunications businesses, however the rise of the internet and growing competition are considered the main reasons behind years of declining advertising revenue. He stepped down from his role as CEO in 2017, though still serves as the company’s chairman of the board.[1]

    Early life and education

    He was born in Mexico City in 1968. His father is Emilio Azcárraga Milmo and his mother is Nadine Jean, a French citizen and third wife of Azcárraga Milmo.[2]

    He attended Lakefield College School in Ontario, Canada, and Universidad Iberoamericana until fifth semester.

    Career

    He became the CEO of Grupo Televisa at the age of 29, after the death of his father. He is one of the richest businesspersons in Latin America, ranked seventh-richest in Mexico and 512th-richest globally with a fortune estimated at $2.3 billion as of March 2011.[3]

    He is also a Board Member of Univision and Banamex. Azcárraga Jean is also a global board member of Endeavor. Endeavor is an international non-profit development organization that finds and supports high-impact entrepreneurs in emerging markets.

    Azcárraga Jean is widely credited for turning around Televisa into the prosperous company after the death of his father. Azcárraga, together with his close friends and colleagues José Bastón, Alfonso de Angoitia Noriega and Bernardo Gómez were able to bring Televisa back from a near bankruptcy.

    On October 26, 2017, Televisa announced that Azcárraga Jean was stepping down as CEO of the firm on January 1, 2018. This decision came amid Televisa's declining advertisement sales and growing competition in the online market.[4]

    Awards and honors

    See also

    External links

    Notes and References

    1. Web site: Mexican TV Mogul Steps Down as CEO Amid Programming Struggles. The Wall Street Journal. 26 October 2017. 5 March 2022.
    2. Book: Negotiating Democracy: Media Transformations in Emerging Democracies. Blankson. Isaac A.. Murphy. Patrick D.. June 2008. SUNY Press. 978-0-7914-7234-7. 210. 5 April 2011.
    3. Web site: Emilio Azcarraga Jean. Forbes. en. 2020-04-15.
    4. News: Televisa chief Azcarraga to step down after 20 years. October 26, 2017. Reuters.
    5. Web site: Golden Plate Awardees of the American Academy of Achievement . www.achievement.org. American Academy of Achievement.
    6. Web site: 2004 Summit Highlights. American Academy of Achievement.
    7. Organizacion Internacional de Teletones (Oritel) Recognized Televisa's Emilio Azcarraga Jean with its Highest Honor. Cision PR Newswire .
    8. Web site: Broadcasting & Cable Hall of Fame Listing . B&C Hall of Fame .
    9. Web site: Producer James L. Brooks, Jon Feltheimer Among 2014 Tartikoff Legacy Award Honorees. Televisa's Emilio Azcárraga Jean and NBCUniversal's Lauren Zalaznick will also be presented with the prestigious award. . 23 September 2013 . The Hollywood Reporter .
    10. Web site: International Emmys: Grupo Televisa's Emilio Azcárraga Jean to Receive Directorate Award . 26 April 2017 . The Hollywood Reporter .