Andrew Hanlon, chief executive officer and managing director of TVC Communications, will step down from his role on April 30, 2024 after seven years.
The company’s board announced this in a statement on Thursday.
TVC Communications is the parent company of TVC News, TVC Entertainment channel, Max FM and Adaba FM.
The board’s statement said Mr Hanlon, who joined the organisation in 2017, oversaw organisational, infrastructural, and economic changes at the broadcaster.
According to the statement, “these include delivering growth of 330% 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.”
Hanlon will be replaced by the deputy chief financial officer Victoria Ajayi whose appointment takes effect from May 1, 2024.
Paying tribute to Hanlon, the chairman of the board of Continental Broadcasting Services Ltd. (owners of TVC Communications), 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 and turned the fortunes of the group around and made it very profitable.
“His attention to detail and his proactive organisational skills ensured that the quality of our programmes and ratings improved exponentially and we became one of the biggest and most respected TV news stations and broadcast businesses in Nigeria.
“Andrew also demonstrated strong commitment to our 500 staff by improving pay, conditions, and general welfare by being certified twice as a Great Place to Work, making TVC Communications one of Nigeria’s best employers.
“Andrew has set a very high bar and will be replaced by our current deputy chief financial officer, Mrs Victoria Ajayi, who has proven to be steady and reliable and will have to ensure that we keep moving forward seamlessly.”
Hanlon thanked the board and in particular Mr Durosinmi-Etti “for his guidance and encouragement.”