CNBC Chairman Mark Hoffman to Exit in September

Mark Hoffman, the TV executive who has led business organization news aqueduct CNBC since 2005, will step downwards from the company in September, he told employees in a memo Tuesday morn.

Casey Sullivan, who previously led CNBC'south international businesses and most recently served every bit a senior international sales executive for the company, volition supersede Hoffman as CNBC'due south president.

Hoffman has served every bit the chairman of CNBC since 2015, after being named every bit its president in 2005.

Read Hoffman's full memo below.

After 28 years with NBC, and leading CNBC since 2005, I am writing to let you know that I will be separating on September 12th.

At Jeff'southward asking, I will go along to help with the transition to the company.

CNBC is at its absolute top today, the number i concern news source in the world, connecting with over half a billion people every calendar month across all media, linear, digital and analog, in multiple languages.

What started with an investor focus is now a trusted source for all things, and more than, built on a deep, and all-rare journalism foundation in the pursuit of facts, truth, news.

We are in the concern of business organization so it is of import to note that nosotros have never been more than profitable, setting record after record in financial performance, year after year, as we have looked at economical cycles, exogenous events and historical secular changes. did through. age.

2005 was a generation ago which feels similar it passed in a minute. At the time, before smart phones and ubiquitous broadband, nosotros struggled to find our ground, simply were blessed with a stellar grouping of dedicated associates and the brand equity that existed just below the surface.

We strategized and, working together, took risks, and made investments that immune united states to grow, adapt, and grow. Once defined as a dying domestic cable channel that many thought would never fully recover from the bursting of the dotcom chimera, CNBC is today a global multimedia powerhouse, far to a higher place its weight in the digital age. What a wonderful family unit we accept become by executing with precision, vision and eye.

CNBC stands for something. Information technology affects the business world, investors and individuals struggling to make sense of their coin. You have made a difference.

How do you measure a business's success across financials and KPIs? I'll start past assessing the quality of the team, the enduring forcefulness of the brand, and growth prospects. At CNBC, we're three-for-three.

I am humbled and grateful for all of this fourth dimension with yous and I am very proud of everything we have done. No matter where life takes me professionally and personally, I'll be prepare for CNBC!

My thanks to everyone in Comcast, GE, and NBC, present and past. Information technology has been a thrilling ride.

With love and appreciation to all of you, for everything you do.

scar

more to come,

Source

Source: https://premiere.news/cnbc-president-mark-hoffman-to-exit-in-september/

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