Erik Huggers has announced that he is stepping down as CEO of Vevo. The music video platform’s CFO Alan Price will take over until a permanent replacement can be found.
“During the last couple of months, I have been doing a lot of soul searching and I have come to the conclusion that it is time for me to step down as Chief Executive Officer as we close out a record breaking year”, said Huggers in a memo to staff – obtained by Variety – on Friday.
Talking up new “growth opportunities” for the company, he added: “I also think that now is the perfect time for someone new to lead this next chapter for Vevo”.
Accepting his resignation, the Vevo board said in a statement: “We would like to thank Erik for his hard work, dedication and leadership at Vevo, which grew dramatically during his tenure and helped forge stronger connections between artists and fans through popular features and original programming”.
Huggers originally joined Vevo as CEO in 2015, joining from online pay-TV service OnCue shortly after its acquisition by Verizon. Prior to that, he also ran digital stuff at the BBC, overseeing the rise of the iPlayer.[from http://ift.tt/2lvivLP]