NBCUniversal is changing Mark Hoffman, CNBC’s lengthy-serving chairman.
NBCUniversal explained Tuesday that the long-serving chairman of CNBC would be changed by a senior marketing government at the firm, as the leader of NBCUniversal’s news group carries on to place his stamp on the division.
Mark Hoffman, who has been the top rated govt at CNBC for 17 decades, will be replaced by KC Sullivan, the president and running director of NBCUniversal’s world-wide advertising and marketing and partnerships business. Mr. Hoffman, who is CNBC’s chairman, will provide in that part till Sept. 12, immediately after which he will turn out to be a consultant to enable handle the transition.
Mr. Hoffman’s departure signifies a altering of the guard for CNBC, the economical news network launched in 1989 by the former NBC president Bob Wright and longtime Tv set government Tom Rogers.
Mr. Hoffman, who was named president of CNBC in 2005, prolonged documented to Steve Burke, the main govt of NBCUniversal. That changed in latest years. Immediately after Cesar Conde was named chairman of NBCUniversal’s news team in May well 2020, Mr. Hoffman commenced reporting to him.
In a assertion, Mr. Conde credited Mr. Hoffman for developing CNBC’s small business about a almost a few-decade occupation and growing the network’s enterprise in the United States and abroad. Mr. Conde explained that Mr. Sullivan was “the correct human being at the correct time” to lead CNBC, citing his working experience forging partnerships with Sky Media in Britain, Italy and Germany.
Mr. Sullivan has put in extra than a decade at the firm, and previously served as president and taking care of director of CNBC Worldwide and chief money officer of NBC’s information team.
Considering that he took over in 2020, Mr. Conde has introduced a spate of appointments at the company’s news homes, which contain MSNBC, NBC News and CNBC. Mr. Conde changed Phil Griffin with Rashida Jones as MSNBC president employed Stephen Labaton, former Booz Allen Hamilton executive, as executive vice president of communications and picked Chris Berend to be govt vice president and head of digital.
In the course of his occupation at CNBC, Mr. Hoffman struck discounts to broaden CNBC’s reach and influence. He assisted broker a deal with Dow Jones & Business to get its stake in CNBC’s intercontinental editions, and introduced CNBC.com, which has come to be a juggernaut in on the net business enterprise information.
NBCUniversal explained Tuesday that the long-serving chairman of CNBC would be changed by a senior marketing government at the firm, as the leader of NBCUniversal’s news group carries on to place his stamp on the division.
Mark Hoffman, who has been the top rated govt at CNBC for 17 decades, will be replaced by KC Sullivan, the president and running director of NBCUniversal’s world-wide advertising and marketing and partnerships business. Mr. Hoffman, who is CNBC’s chairman, will provide in that part till Sept. 12, immediately after which he will turn out to be a consultant to enable handle the transition.
Mr. Hoffman’s departure signifies a altering of the guard for CNBC, the economical news network launched in 1989 by the former NBC president Bob Wright and longtime Tv set government Tom Rogers.
Mr. Hoffman, who was named president of CNBC in 2005, prolonged documented to Steve Burke, the main govt of NBCUniversal. That changed in latest years. Immediately after Cesar Conde was named chairman of NBCUniversal’s news team in May well 2020, Mr. Hoffman commenced reporting to him.
In a assertion, Mr. Conde credited Mr. Hoffman for developing CNBC’s small business about a almost a few-decade occupation and growing the network’s enterprise in the United States and abroad. Mr. Conde explained that Mr. Sullivan was “the correct human being at the correct time” to lead CNBC, citing his working experience forging partnerships with Sky Media in Britain, Italy and Germany.
Mr. Sullivan has put in extra than a decade at the firm, and previously served as president and taking care of director of CNBC Worldwide and chief money officer of NBC’s information team.
Considering that he took over in 2020, Mr. Conde has introduced a spate of appointments at the company’s news homes, which contain MSNBC, NBC News and CNBC. Mr. Conde changed Phil Griffin with Rashida Jones as MSNBC president employed Stephen Labaton, former Booz Allen Hamilton executive, as executive vice president of communications and picked Chris Berend to be govt vice president and head of digital.
In the course of his occupation at CNBC, Mr. Hoffman struck discounts to broaden CNBC’s reach and influence. He assisted broker a deal with Dow Jones & Business to get its stake in CNBC’s intercontinental editions, and introduced CNBC.com, which has come to be a juggernaut in on the net business enterprise information.