With business parner Bob Campbell, Monaghan established Screentime 18 years ago.
He will continue his association with the company as a consultant and producer on select projects, including direct responsibility for Batavia.
“It has been a fantastic eighteen years and I have had the very great fortune of having Bob Campbell as my business partner. It is fair to say that the success of the company far exceeded our initial expectations,” he said.
“It has been an extraordinary privilege to work with such a talented and dynamic team, and I am looking forward to watching the company continue to grow under Bob’s leadership, and with the considerable advantage of now being a part of the fast growing Banijay Group.
“This year we have a wonderful slate of programming already delivered to the Networks, and a variety of productions in various stages of development and pre-production.”
From June 2014, Bob Campbell will head the company in his capacity as Managing Director.
He will also consult on project development.
“Des and I have enjoyed the closest of professional and personal relationships since we set up Screentime, and I look forward to this continuing,” said Bob Campbell.
”His contribution to the company has been immeasurable and the strong creative and development teams have benefitted, and will continue to benefit, from his energy, experience and judgment.”