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The executive will remain with the company until September to ensure there is a smooth transition of leadership.

Hollick's position will allegedly be eliminated and transferred to the oversight of Ollie Madden, director of Film4, as a means of reducing costs.

STV Group has reported a 22% year-on-year drop in operating profit, attributing the decline to a challenging TV advertising landscape and inflationary cost pressures.

The head of drama at the Swedish publish broadcaster SVT will leave her role to take on the leadership of the SFI in mid-April 2024.

The executive founded the company with her business partner Laura Mansfield 25 years ago. Dan Chambers, Justine Kershaw, and Ulla Streib will take over the challenges of the enterprise.