17Live Group announced that its CEO Lien Chien-Lin has ceased to be the executive director and CEO of the Company with effect from Jan 26. Lien has left the company for personal family reasons. Lien will be appointed as the senior adviser to the company for a period of one year to assist in the transition.
Meanwhile, Phua Jiexian Joseph, who is currently the non-executive Chairman of the Board, will assume executive responsibility for the management of the company and be appointed as the CEO and re-designated as the executive chairman and CEO of the company.
Phua is the co-founder of 17Live, a current chairman of the board and the previous CEO, before Lien. Phua will step up and will provide executive leadership to further grow the business of the company and create synergistic returns.
“17LIVE is the top live-streaming platform in Japan and Taiwan. 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.” Says Phua.
Shares in 17Live are last traded at $1.25, a significant drop from the spac’s IPO price of $5.00.
