CNBC is undergoing leadership change as the network announced Mark Hoffman, president since 2005 and chairman since 2015, said on Tuesday that he’s stepping down on Sept. 12.
In a press release, Hoffman is said to be leaving on his terms as NBCUniversal hopes to bring a more centralized unit with CNBC, NBC News, and MSNBC following the hiring of Cesar Conde to oversee the group.
“Mark has overseen the steady continued growth of CNBC as the world’s #1 business and money news brand,” Conde said. “No business news organization comes close to the reach and influence of CNBC, a true testament to Mark’s leadership.”
KC Sullivan is returning to replace Hoffman as CNBC’s new president after spending the last two years as president and managing director of NBCUniversal’s global advertising and partnerships in London.
“We are in the business of business so it’s important to note we’ve never been more profitable, setting record after record in financial performance, year after year, as we maneuvered through economic cycles, exogenous events and the historic secular change that accompanied the information age,” Hoffman said.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
