Mark Hoffman To Step Down As CNBC Chairman, KC Sullivan To Return To Network As President
16.08.2022 - 18:05
/ deadline.com
Mark Hoffman announced on Tuesday that he is stepping down as the longtime head of CNBC in September.
KC Sullivan will return to the network to become president, starting on Sept. 12.
Cesar Conde, chairman of the NBCUniversal News Group, said in a statement, “The growth and success of CNBC over so many years is a testament to Mark’s leadership over a nearly three-decade-long career marked by many wins along the way. During his tenure, CNBC became a world leader and every year it has grown better and stronger. It continues to expand both domestically and internationally through new platforms and plays an essential role in keeping audiences and markets informed in real time about consequential issues and events.”
Hoffman first joined CNBC in 1997, then left three years later. He returned in 2005 to become president of the business network, and later chairman in 2015.
In 2020, Conde was tapped to lead a newly formed NBCU news group, with CNBC coming under his purview. Previously, Andrew Lack has overseen NBC News and MSNBC, and Hoffman had overseen CNBC.
Sullivan, who will report to Conde, most recently has been president and managing director of NBCU Global Advertising and Partnerships based in London. He previously was president and managing director of CNBC International, chief financial officer of the news group, and CFO of CNBC. He came to NBC from General Electric, where he worked for nine years.
Conde credited Sullivan with creating a global partnerships team that has tripled revenue within the past two years. That included a partnership with Comcast-owned Sky Media in the UK, Italy and Germany, as well as one the the RTL Ad Alliance.
Conde said that Sullivan was “the right person at the right time to lead CNBC forward. His