MediaCorp CEO Lucas Chow quits

Singapore - Lucas Chow (pictured), CEO of MediaCorp will be resigning from the company on 31 July 2011, a statement from MediaCorp said.

The company has initiated the search for his successor.

Chow joined MediaCorp in December 2005, and took it through some of its most challenging years, including the world recession that started in 2009.

"Under his leadership, the company garnered several international accolades, including last year's double win of Asian Television's Terrestrial Broadcaster and Terrestrial Channel," the statement said.

"I am very grateful to my colleagues who have worked tirelessly with me all these years, and fortunate to have had the guidance of chairmen Ho Kwon Ping and Teo Ming Kian, as well as a supportive board," Chow said.

"For the next phase of MediaCorp's development, I wish the new CEO well in taking the company to even greater heights, as well as moving physically to a new campus at Mediapolis."

He further added that he will be joining another company which is ‘in a different line of business' and look forward to new challenges.

"Lucas has built up MediaCorp to what it is today in the five years as its CEO.  Under his watch, MediaCorp has done well to keep up with audiences' needs and changes sweeping the media industry," Teo Ming Kian, MediaCorp Chairman, said.

"We have set up a search committee to consider candidates from outside and within the company as his replacement."