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Vice Media announced Tuesday that co-founder Shane Smith was giving up his position as chief executive, as the youth-oriented digital group sought to move past recent turbulence.
Vice, whose image has been battered by recent reports of workplace harassment, named television industry veteran Nancy Dubuc as its new CEO.
Smith - Vice - Executive - Chairman - Deals
Smith will remain at Vice as executive chairman and focus on "strategic deals and content development," according to a company statement.
Smith said the company chose Dubuc because "she is better than me at everything" and the move "allows me to move to executive chairman, where I can concentrate on the only things that I am good at—content and deals."
Move - Change - Vice - Canadian - Magazine
The move marks a significant change for Vice, which was founded in 1994 as a Canadian magazine and grew into an online media group with news websites and television operations, and is valued at some $5 billion.
Dubuc has been president and CEO at the cable TV group A+E, jointly owned by Walt Disney and Hearst Corp.
A+E - Media - Partner
A+E is already a media partner...
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