Hulu taps Andy Forssell as next CEO following Jason Kilar’s departure

We've known since early January that Hulu CEO Jason Kilar will step down sometime in the first quarter, and now that we're well into March, the streaming service has additional news. Writing on the Hulu blog, Kilar said that when he departs "at the end of this quarter," senior vice president of content Andy Forssell will assume the role of CEO. In addition to praising Forssell's efforts in expanding Hulu's list of content partners, Kilar mentioned that Hulu part-owners Disney and News Corporation are finalizing "forward-looking plans" with the site. The exiting CEO isn't exactly leaving a company in a shambles; the 2012 financial results were none too shabby, and the paid Hulu Plus service has ballooned to a healthy 3 million users.

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Source: Hulu Blog

Hulu CEO Jason Kilar announces resignation, will leave company in Q1

Hulu CEO Jason Kilar announces resignation

Some big news out of Hulu late this afternoon: CEO Jason Kilar has just announced that he will be leaving the company sometime in the first quarter of this year. The news was first reported by Bloomberg News and followed quickly by a blog post from Kilar himself containing the email he sent to his staff. In it, Kilar says that he is now working with the company's board to manage the transition, and also confirms that Senior Vice President and CTO Richard Tom will be leaving along with him. He didn't exactly delve into the reasons for his resignation, though, saying only that the decision has been "one of the toughest I've ever made," and adding that he'll keep the team updated as "dates and other items get solidified."

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Via: @BloombergNews

Source: Hulu