Nancy Dubuc takes CEO post at Vice Media

Cornelia Mascio
Marzo 13, 2018

Nancy Dubuc is leaving her post as president and CEO of A+E Networks and is set to replace Shane Smith as chief executive of Vice Media. She is becoming the new chief of Vice Media.

"Why Nancy Dubuc? Simply put, because rarely in business do you get to work in a flawless partnership", said Smith in a statement.

Confirmation of her appointment comes after she was strongly linked with a move to Vice.

A+E's chairman emeritus and former CEO, Abbe Raven, will return as acting chair while a replacement is found, with Dubuc (pictured right) leaving her post on April 16. "First off, she is better than me at everything".

Smith will remain at Vice as executive chairman and focus on "strategic deals and content development", according to a company statement. Thirdly, as we go forward, Vice needs a best-in-class management team to harness all of this growth and control our own destiny, whether it be staying independent, strategically partnering with someone or going public. "We are a modern-day Bonnie and Clyde and we are going to take all your money".

"In her roughly 20 years at A+E Networks, Nancy played a major role in building the success of A&E, History and Lifetime, and we thank her for her leadership", said Ben Sherwood, co-chair of Disney Media Networks, and president of Disney-ABC Television Group and Steven R. Swartz, president and CEO of A+E's other parent, Hearst, in a joint statement. Smith, the company's founder, said he would focus on content and deals in his newly created position. In December, the New York Times reported on several complaints of sexual assault and harassment at Vice as well as a "boys' club" culture at the company.

The company has also struggled financially since raising $450 million at a whopping $5.7 billion valuation in June.

"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", said Dubuc.

She added that 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".

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