For immediate release
CEO Lucas Chow resigns from MediaCorp
Search for CEO underway
Singapore, 15 February 2011 - MediaCorp today announced that Mr Lucas Chow will be resigning from the company as its CEO on 31 July 2011. The company has initiated the search for his successor.
Mr 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 had not only weathered the financial storm but also emerged stronger in terms of stature and offerings through:
� Garnering several international accolades, including last year's double win of Asian Television's Terrestrial Broadcaster and Terrestrial Channel.
� Major product innovation and launches, among them the popular video portal xinmsn.sg, high definition channel HD5, out of home business and soon-to-be-launched Over-the-Top TV service.
� The restructuring and integration of MediaCorp's sales and marketing division, pulling together the efforts of TV, radio, print and interactive to provide a one-stop solution for advertisers.
� Starting and leading a regional broadcasters' association called SMART Alliance, which aims to synergise efforts in programming, sales and technology.
� Strategic investments in Indonesian media conglomerates PT Media Nusantara Citra and its parent company, PT Global Mediacom.
Mr Chow 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. 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. I think the timing is right for a new CEO to take over the reins from here. Having been with MediaCorp for five years, I think I have done what I have set out to do, and it is time to move on. I will be joining another company which is in a different line of business and look forward to new challenges."
Mr Teo Ming Kian, MediaCorp Chairman, said, "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. We have set up a Search Committee to consider candidates from outside and within the company as his replacement. I am confident that with the robustness of MediaCorp and the commitment of its management and staff, the transition to the next CEO will be a smooth one. I wish Lucas well in his future endeavours."
Issued by Corporate Communications, MediaCorp
For more information, please contact:
Corporate Communications & Marketing
MediaCorp is Singapore's leading media company with the most complete range of platforms, spanning television, radio, newspapers, magazines, movies, digital and out-of-home media.
It pioneered the development of Singapore's broadcasting industry, with the broadcast of Radio in 1936 and Television in 1963. Today, MediaCorp has over 50 products and brands in four languages (English, Mandarin, Malay and Tamil), reaching out to all adults in Singapore every week.
Our industry firsts include the Digital Video Broadcast technology for outdoor digital television, and Asia's first Digital Audio Broadcast radio service. Initiatives in the digital space include online classifieds, Internet TV-on-demand and High Definition TV broadcast.
MediaCorp is an active regional player through co-productions in TV dramas and movies, magazines publishing, as well as Channel NewsAsia International, one of the first Asian-owned English news channels.
Our financial and strategic relationships in the region since 2007 include a venture with Indonesia's most integrated media company PT Media Nusantara Citra and its parent, Global Mediacom, and International Media Corporation in Vietnam, set up to develop and produce television entertainment and economic news content.
Winner of numerous international awards and accolades including Asia Television's Broadcaster of the Year, MediaCorp's vision is to become Asia's top media company, delivering valued content to the world.
For more information, please visit www.mediacorp.com.sg
For immediate release