Channel 4 has confirmed the departure of chief executive David Abraham.
Abraham, who has been with the broadcaster for seven years, will leave his role later in 2017.
Abraham is leaving to develop personal plans to launch a media enterprise in 2018. He will remain in role until a new chief executive has been appointed and is in post.
Charles Gurassa, Channel 4 chair, said: “David Abraham has been an outstanding chief executive of Channel 4 over the last seven years. Under his leadership, the channel has delivered record revenues, record programme investment, award-winning creative renewal and industry leading digital innovation. He leaves the organisation in excellent creative and financial health and with a strong and highly experienced team in place."
Abraham said: “I had three priorities when I joined Channel 4 in 2010: to build an independently sustainable business while still delivering strongly to our public remit; to assemble a team capable of delivering creative renewal post-Big Brother; and to become world leaders in digital and data innovation. After several successive years of positive momentum and with revenues now of £1 billion, investment in content of £700 million and sustained creative performance, I have decided that 2017 is the right year for me to hand over this important public job to my successor.
“I now look forward to working with the Channel 4 board to support and hand over to my successor and then begin the next phase of my life – back in the private sector, where I hope to build an organisation that makes use of all that I learned from leading different kinds of innovative creative businesses.”