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    Home » Mark Hoffman out as CNBC chief; KC Sullivan replacing him

    Mark Hoffman out as CNBC chief; KC Sullivan replacing him

    By SHOOTTuesday, August 16, 2022Updated:Tuesday, May 14, 2024No Comments1225 Views
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    CNBC's Mark Hoffman appears during a panel discussion on the changing worlds of media and music at the eMerge Americas technology event in Miami Beach, Fla., on April 19, 2016. Hoffman is leaving the network after 28 years, with London-based executive KC Sullivan replacing him early next month, the network said on Tuesday. Hoffman was named president of the financial news network in 2005 and elevated to chairman in 2015. (AP Photo/Wilfredo Lee, File)
    NEW YORK (AP) --

    Veteran CNBC chief Mark Hoffman is leaving the network after 28 years, with London-based executive KC Sullivan replacing him early next month, the network said on Tuesday.

    Hoffman was named president of the financial news network in 2005 and elevated to chairman in 2015.

    "During his tenure, CNBC became a world leader and every year it has grown better and stronger," said Cesar Conde, chairman of the NBCUniversal News Group.

    Sullivan, who begins as CNBC president on Sept. 12, is currently president and managing director of global advertising and partnerships at NBCUniversal, and has been based in London. He was in executive roles at NBC and CNBC for the decade before that.
     

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    Tags:CNBCKC SullivanMark Hoffman



    Trump ally Ric Grenell stepping down as Kennedy Center president

    Friday, March 13, 2026
    A woman walks outside The John F. Kennedy Memorial Center For The Performing Arts on Feb. 2, 2026, in Washington. (AP Photo/Rahmat Gul, File)

    Richard Grenell, the longtime Republican foreign policy adviser who oversaw far reaching changes at the Kennedy Center that prompted many artists to abandon the iconic performing arts venue, will step down as the institution's president. President Donald Trump announced the change on Friday after it was first reported by Axios. The president said Matt Floca, who manages the Kennedy Center's facilities operations, will succeed Grenell. The moves are expected to be finalized at a board meeting scheduled for Monday at the White House, according to a person familiar with the matter who requested anonymity to discuss plans that are not yet public. Grenell was a central player in Trump's push to dramatically overhaul the Kennedy Center following the Republican president's return to office. After mostly ignoring the center during his first term, Trump made it a focal point in his war against "woke" culture." He ousted the Kennedy Center's previous leadership and replaced it with a hand-picked board of trustees who voted to rename the facility the Trump Kennedy Center, a change scholars and lawmakers say must be initiated by Congress. More recently, Trump's name was physically added to the building's iconic facade. The fallout from the arts community was swift and intense, with prominent musicals, such as "Hamilton," canceling performances. Actor Issa Rae and author Louise Penny also withdrew from appearances while consultants such as musician Ben Folds and singer Renée Fleming resigned. Read More

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