According to Deadline, Channel 4 is nearing an announcement of its new CEO after Netflix’s Vice President of Partnerships EMEA, Emma Lloyd, stepped down from consideration in the recruitment process. Lloyd has been working at Netflix for the past four years; she was previously with Sky for 13. Lloyd has decided to remain with the streaming service, Netflix.

Since the resignation of former Channel 4 CEO Alex Mahon eight months ago, the UK network has been trimming down its candidates. Hearsay via Deadline is that his successor will be unveiled as early as next week. Predictions previously cast the two frontrunners as Jonathon Allan and Lloyd. Allan currently serves as the chief operating officer and the interim CEO. He was the first name to enter the mix of possible candidates.  During the RTS Cambridge Convention, he confirmed his candidacy when he answered the question of whether he would be running with a hearty, “yes”. Former BritBox CEO Reemah Sakaan just entered the mix of eligible candidates.

Spencer Stuart is the firm supporting the recruitment process, which has been led by the recently appointed Channel 4 chair, Geoff Cooper, according to Deadline. Whoever lands the job has reportedly been tasked with leading the network in “the most important phase” in its 42-year history.

An additional note from mxdwn and Deadline, Mahon is in talks with replacing Tim Davie as the new director general of the BBC. Davie suddenly stepped down after 20 years of service. In an email to his staff, Davie had stated that this decision was entirely his decision and that he will remain thankful to his board for the support that he was given over the years.