CEO of SKY television John Fellet has announced his intention to retire later this year.
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"In order for the board to commence a strategic succession process, I have indicated my desire to retire within the next 12 months", Mr Fellet said on Monday.
SKY chairman Peter Macourt said a global search process would be undertaken for his replacement, including New Zealand-based and internal candidates.
Mr Fellet has agreed to remain as CEO until his successor is found. Once the transition is made, Mr Fellet will continue to serve on the SKY board.
"John has been the driving force behind SKY's success for many years. He has made an enormous contribution to our business, and to the television industry in New Zealand," Mr Macourt said in a statement.
"We are grateful for his work and commitment to SKY, and for the succession process he has instigated, which will allow a careful search for the right individual to take the reins at SKY."
Mr Fellet said he is "immensely proud" of SKY's staff of more than 1100.
"When I started we had 125 employees and three channels."
He says he looks forward to finding the right person to replace him as chief executive.
"We have some exciting developments underway to take advantage of digital opportunities and to continue to deliver great content to New Zealanders.
"I look forward to working with the team as we put them in place, and to finding the best person to lead SKY in the future."
Mr Fellet has worked at SKY for 27 years.
Newshub.
