MediaCorp CEO Resigns

SINGAPORE: Lucas Chow is stepping down as the CEO of MediaCorp effective July 2011, with the search for a successor already under way.

Chow joined the Singaporean media group in December 2005 and is credited with driving a number of key innovations at the company, such as online video, HD, and OTT. he also oversaw a restructuring to boost ad sales, as well as investments in in Indonesian media conglomerates PT Media Nusantara Citra and its parent company, PT Global Mediacom.

“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," Chow said. "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.”

Teo Ming Kian, MediaCorp’s chairman, added, “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 endeavors.”