Nancy Dubuc Exits As Vice Media CEO After 5 Years

deadline.com:

EXCLUSIVE: Nancy Dubuc is leaving Vice Media Group where she was CEO for the past five years. She just announced her decision to her staff in a memo (you can read it below.) It comes as the board has launched a process to sell — an acquisition of the whole company, a strategic recapitalization, or other transactions involving individual assets — under the oversight of a Special Board Committee.

According to sources, Dubuc was at the end of her contract and decided it was time to move on. “Nancy joined Vice at a pivotal time and put in place an exceptional team that has positioned the company for long-term success,” the company’s board of directors said in a statement. “We thank Nancy for her many contributions and will soon announce new leadership to guide Vice.

forward into its next stage of growth and transformation.” Dubuc, who had been on the Vice board through her role at A+E Networks and that company’s co-venture Viceland (Now Vice), was named CEO in March 2018, replacing Vice co-founder Shane Smith who became Executive Chairman.

She joined the company as it had been battling accusations of sexual harassment in the workplace and a pervasive boy’s club culture and as it was coming off a major revenue miss and dealing with a revolving door of top executives.