TVB CEO Mark Lee Step Downs Amid Board Pressure

By on April 10, 2021 in Hong Kong, NEWS


The management shake-up at struggling Hong Kong station TVB continues, as CEO Mark Lee (李寶安) will be stepping down. The 65-year-old will officially retire on his own accord after the May 26 shareholder meeting, leaving open speculations over who will succeed him.

Drastic measures, including recent management changes, were urged by majority shareholder and chairman of the executive board, Li Ruigang (黎瑞刚). Harshly criticizing the station for losing its competitive edge in the past 10 years, Li Ruigang demanded sweeping changes to be made immediately.

Since becoming CEO in 2015, Mark has worked to propel TVB’s network to reach a wider audience. He implemented the OTT service platform for many TVB channels, including myTV Super, Big Big Shop, and TVB Anywhere. Despite these digitalization attempts, TVB reported its third consecutive year of financial losses and saw its stock price plummet.

When reached for comments over Mark Lee’s impending retirement, a company spokesperson responded, “We will not discuss any rumors.”

Despite a lack of official response, speculations arose that TVB Chairman Thomas Hui (許濤) will be taking over Mark Lee’s position. However, an insider revealed that this succession would not be possible, because the company policy stipulates that a person cannot simultaneously serve as both the chairman and CEO concurrently. As such, it is speculated that TVB will recruit an outsider with the proper qualifications to take on the position instead.


This article is written by Huynh for

Majority Shareholder, Li Ruigang, Believes TVB Has Hit Rock Bottom

JayneStars Media LLC reserves all copyrights. Reproduction in whole or in part without written permission is prohibited. By using the JayneStars website, you accept and agree to our Terms and Conditions of Use.

Related Articles

  • CEO Mark Lee Unable to Disclose the New Owner of TVB(14)
  • TVB Management Reacts to Public Criticism(38)
  • TVB Suspends Sheren Tang(102)
  • TVB Argues Hong Kong Market Cannot Support New TV Stations(29)

  • Leave a reply

    You must be logged in to post a comment.