Stephen Chan has been with TVB for 18 years and has served as the General Manager for 7 years. His decision to resign has been accepted, but if he ever does decide to return to TVB, he will make TVB his first choice. He plans to travel abroad to study language. However, there are rumors circulating that Stephen is actually planning to start his own company and stir up another turbulence in the television industry. Yesterday morning at 9am, Stephen drove back to TVB City and approximately 9:30am, he met the press with TVB Deputy Director of Foreign Affairs (Tsang Sing Ming). In just a short 5 minute interview, Stephen appeared very relaxed. It was rumored he was going to leave April 2012? He said his resignation date is still under negotiation, but is certain that everything will go smoothly. The other day, it was publicly announced that Norman Leung will takeover as the chairman next year, asked if his resignation has something to do with the change in executives? He repeated himself three times that there is no relation, and expressed he feels gratified for Norman to be the next chairman. Norman has been with TVB for 8 years and has had great success. Under his management, TVB will have even better developments. Stephen was asked if his resignation had something to do with the corruption case he experienced last year? He stressed that there is no connection, it is two different matters.
It was rumored Stephen will be starting his own company? He repeated himself once again that he does not have plans to do that. His resignation is for learning purposes. Once his learning process is over, he will return to HK and if by that time, he still has interest in working in the entertainment business, he will first send his resume to TVB. If other companies want him, TVB is still his first choice.
Stephen has been with TVB for 18 years, he expressed he is grateful that he had such good colleagues and jobs. He also had a good supportive boss and board members. Over the many years, he benefited greatly. As for who will replace his position? Stephen said when TVB has an arrangement, they will announce. TVB's system is very complete, they will not be affected because of one person leaving. He reveals in the future he will be going back and forth between HK and foreign countries. The first stop is to travel to Silicon Valley and Las Vegas in the United States.
TVB's Stocks tumbles
After Stephen Chan suddenly announced his resignation yesterday morning, TVB's stock price plunged 4.6% before the afternoon lunch break started. For the entire day, the stock price fell 3% down to $44.75.
Source: Mingpao
Translated by: aZnangel @ AsianEU Forum
