Shaw to step back from TVB

TVB   MEDIA   BROADCASTING

Hong Kong - Run Run Shaw (pictured), the 101-year old executive chairman of broadcast group TVB, will relinquish his executive duties and move into a non-executive role from January next year.

Sir Run Run Shaw is one of the founding directors of the company and has served as executive chairman since 1980.

TVB is yet to announce a replacement. Shaw's wife Mona Fong is deputy chairperson & managing director of the company. 

TVB documents show Shaw holds more than 142 million shares in TVB, representing a 32.5% stake. Of that 114 million shares are held by Shaw Brothers, of which Shaw is executive chairman, and another 27 million shares are held by the Shaw Foundation, and 1.1 million held by Fong.

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