The Board of TVC Communications, owners of TVC News and TVC Entertainment channels Max FM and Adaba FM, has announced that its Chief Executive Officer and Managing Director, Mr. Andrew Hanlon, will step down on April 30, 2024. He is stepping down after seven years.
A statement by TVC on Thursday explained that Hanlon, who joined the organisation in 2017, had overseen organisational, infrastructural and economic changes at the broadcaster.
According to the statement, “these include delivering growth of 330 percent across all TV, radio, and social media channels from a daily audience of 5.3 million viewers, listeners, and readers to 23 million by December 2023, in addition to substantial operating costs and revenue improvements, bringing the company to profitability in that time.”
Meanwhile, Deputy Chief Financial Officer, Mrs. Victoria Ajayi, has been appointed CEO and MD with effect from May 1, 2024.
Paying tribute to Hanlon, the Chairman of the Board of Continental Broadcasting Services Ltd. (owners of TVC Communications), Mr Kehinde Durosinmi-Etti, said “When Andrew joined us as Group CEO, he was like a breath of fresh air and the missing link we needed. He brought his vast experience of 30+ years in the broadcasting business to bear, turned the fortunes of the group around, and made it very profitable.
