17Live CEO quits, chairman redesignated as CEO

THE chief executive officer of live streaming platform 17Live, Lien Chien-Lin, has resigned.

In an announcement on Friday (Jan 26), the company said that Lien left for personal family reasons, and will be appointed as senior adviser for a year to assist in the transition. Joseph Phua, co-founder and current non-executive chairman, will be redesignated as executive chairman and chief executive officer from Jan 26.

Phua was previously the chief executive officer from September 2016 to June 2020.

Tan Hup Foi, an existing independent non-executive director, will be redesignated as lead independent director as well.

Phua said: “Having led the company through its various phases of growth since its founding through the last eight years as co-founder, CEO and chairman, I am confident I will be able to drive the company to greater heights alongside our experienced team.”

Shares of 17Live closed down 0.8 per cent or S$0.01 to S$1.25 on Friday before the announcement.