NBCUniversal News Group Chairman Cesar Conde announced today that KC Sullivan will become president of CNBC and that Mark Hoffman will step down as chairman following a 28-year career at NBC and NBCUniversal.
Hoffman, an award-winning media executive has spent 28 years at NBC. He was appointed president of CNBC in 2005 and chairman in 2015. He has led the transformation of CNBC into a leading, multi-platform international business brand, overseeing the expansion of its global footprint and establishing a profitable and growing digital business.
“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,” Conde said. “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.”
Sullivan, who will begin his new role on Sept. 12 and will report to Conde, is currently president and managing director of Global Advertising and Partnerships at NBCUniversal, based in London. In that role, he created the global partnerships team, which tripled revenue in two years while building a collaborative, inclusive culture. He forged a strong partnership with Sky Media in the United Kingdom, Italy and Germany and established a new partnership with the RTL Ad Alliance. Before that, Sullivan spent more than a decade in leadership roles at CNBC and NBCU News Group, including as 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.
“KC is the right person at the right time to lead CNBC forward,” Conde said. “His exceptional track record of leadership at CNBC and NBC News, combined with his extensive commercial experience and international perspective will take the organization to the next level.’’
Sullivan said that “with Mark’s leadership, CNBC has been the world’s #1 business news brand and has long been an indispensable outlet to its audiences for real-time financial coverage, business news and analysis, and other programming. It has been a pioneer in expanding a broadcasting brand into digital, e-commerce and subscription offerings. I am excited to build on Mark’s extraordinary legacy and have the opportunity to be returning to the CNBC leadership team, particularly as the brand’s reach continues to grow internationally and through new offerings.”
CNBC is the recognized world leader in business news, providing real-time financial market coverage, business content and general news consumed by more than 544 million people per month across all platforms. The network’s 15 live hours a day of news programming in North America (weekdays from 5:00 a.m. – 8:00 p.m. ET) is produced at CNBC’s global headquarters in Englewood Cliffs, New Jersey, and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC’s highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also offers content through its vast portfolio of digital products such as: CNBC.com, which provides financial market news and information to CNBC’s investor audience; CNBC Make It, a digital destination focused on making you smarter about how you earn, save and spend your money; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. To learn more, visit https://www.cnbc.com/digital-products/.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc. For more information about NBCUniversal, please visit http://www.NBCUniversal.com.
About NBCU News Group:
More Americans watch NBC News, MSNBC and CNBC than any news organization in the world. NBC News’ leading and award-winning television news broadcasts include "TODAY," "NBC Nightly News with Lester Holt," "Meet the Press with Chuck Todd" and "Dateline NBC." MSNBC is the #2 network across all of cable and is the premiere destination for breaking news, award-winning content, in-depth analysis and informed perspectives. CNBC is the recognized world leader in business news and provides real-time financial market coverage, business and general news content, and primetime reality programming, consumed by more than 557 million people per month across all platforms. The rapidly-growing NBC News Digital Group — including its streaming news services NBC News NOW and TODAY All Day — and the network’s award-winning original podcast and audio unit provide continuous content to consumers wherever they are, whenever they want it.
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