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August 20, 2012 07:12 pm GMT

Hulu CEO May Step Down in September [REPORT]


Hulu CEO Jason Kilar may be leaving the company as early as September, according to a leaked memo dated in July.

The memo, which was obtained by Variety, outlines the company's future plans in three pages of bullet points. The top of these reads, "Outline transition plan for new CEO. Discuss potential candidates and process."

As Variety notes, the bullets don't definitely mean that Kilar is scheduled to exit the company -- it could be a contingency plan. Kilar and other employees, who together own 10% of the company, will be eligible to cash out of their shares in September as News Corp. and Disney up their stakes in the company. A much-richer Kilar -- Variety reports he may be up for…
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More About: Jason Kilar, News Corp, disney, hulu


Original Link: http://feeds.mashable.com/~r/Mashable/~3/DFCxrpqyYn8/

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