Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
March 15, 2013 02:48 am GMT

Hulu To Name Andy Forssell As Acting CEO Following Jason Kilar Departure

andy_forssellAndy Forssell will take over the position of CEO at online video company Hulu later this month, following the long-expected departure of the company’s current chief executive Jason Kilar. The succession plan was announced today in an internal memo from Kilar to Hulu staffers that was subsequently made public on Hulu’s official blog. Forssell has worked at Hulu since 2007, and currently serves as the company’s Senior Vice President of Content. According to his official bio, Forssell earned a BS with honors in electrical engineering from Carnegie Mellon University, a BS in Russian studies from the United States Military Academy, and an MBA from the Harvard Business School. His career began with the United States Army. The memo indicates that Forssell will serve as Hulu’s “acting” CEO, which seems to imply this is not necessarily a permanent appointment. TechCrunch is hearing that the company could still be on the lookout for someone to fill in the role permanently, and the person who ultimately gets the position could be an outsider. We’ll update this with more detail, but for now here is the memo from Kilar announcing Forssell’s appointment in full: Team - As you all know, I will be departing Hulu at the end of this quarter. I wanted to share the news that Andy Forssell will be stepping up to lead Hulu as acting CEO after I depart later this month. You know Andy well; hes been a critical senior executive and has been here from the start of this great adventure. Andy exemplifies the Hulu culture and has been central to Hulus journey, helping to grow this company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012. In his role, Andy has built strong relationships with many of our Board members. Andy has the Boards strong support in leading the team during this important time. Disney and News Corporation are currently finalizing their forward-looking plans with Hulu, and the senior team has been working closely with them in that process. Once the plans are finalized, a permanent decision will be made regarding the CEO position. As I mentioned to you all at the beginning of this year, Hulus focus remains on delivering a fantastic 2013 for customers and shareholders. Hulu is well on its way, with new records being set in Q1 across both revenue and subscriber additions.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/hdhgD-ORKwY/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch