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 h…
Media Group where she was CEO for the past five years. She just announced her decision to her staff in a memo 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.
Dubuc, who had been on the Vice board through her role at A+E Networks and that company’s co-venture Viceland , was named CEO in March 2018, replacing Vice co-founder Shane Smith who became Executive Chairman. Over the last five years, Dubuc brought stability, helped rehabilitate the company and positioned it for growth amid constant drumbeat that Vice would be sold and while navigating challenges from the pandemic, the war in Ukraine and the economy. Vice increased revenue and profits in 2022 and is projected to reach full-year profitability this year. She also built an experienced senior leadership that understands the company’s strategic priorities and mission.
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