NEW YORK — Veteran CNBC chief Mark Hoffman is leaving the network after 28 years, and London executive KC Sullivan will replace him early next month, the network said Tuesday.
Hoffman was named president of the financial news network in 2005 and elevated to president in 2015.
“During his tenure, CNBC became a global leader and has gotten better and stronger every year,” said Cesar Conde, president of NBCUniversal News Group.
Sullivan, who begins as president of CNBC on Sept. 12, is currently president and general manager of global advertising and partnerships at NBCUniversal, and is based in London. He held executive roles at NBC and CNBC over the previous decade.