Nancy Dubuc took over as CEO of Vice Media from co-founder Shane Smith on Tuesday. According to media reports, Smith will move into the role of executive chairman.
Prior to this appointment Dubuc was the CEO of A+E Networks. Smith praised Dubuc in the company statement noting that he worked with her in launching Vice's 24-hour television channel, Viceland.
According to media reports, A+E has confirmed Dubuc's departure and said Abbe Raven, a former CEO at A+E Networks, will replace Dubuc on an interim basis.
"Shane and the team at VICE have done what all of us aspire to do - build a brand and make content that people really care about," Dubuc said in a statement. "VICE speaks to a generation that defines today's cultural conversation, and the opportunity to partner with all of the incredibly creative people across the entire company was one of those rare moments in a career."
In the press release confirming the news on Tuesday, Vice said the company has had a "record growth" and is poised to "further its position in 2018 as the industry vanguard."
In his statement, Smith noted that his move to the position of Executive Chairman, will allow him to "concentrate on the only things that I am good at - content and deals." "As we go forward VICE needs a best-in-class management team to harness all of this growth and control our own destiny, where it be staying independent, strategically partnering with someone or going public. Lastly, I get to work with one of my best friends and media heroes. We are a modern day Bonnie and Clyde and we are going to take all your money," he further added.
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