“We reduced overhead by half and yet improved the quality of our revenues through both increased profitability and growth of returning revenues.” Vice CEO Nancy Dubuc is leaving the company after five years. “I am proud to leave a Vice better than the one I joined,” Dubuc said in her memo to staffers Friday. Vice, which struggled to show rapid growth to live up to its bloated $5.7 billion valuation, was also coming off a major revenue miss and dealing with a steady stream of executive departures.ĭuring her tenure, Dubuc led a massive restructuring of the company and improved its balance sheet. When she joined the company, it was battling a slew of sexual harassment allegations in the predominantly male workplace. Nancy Dubuc (right) replaced Vice co-founder Shane Smith (left) as CEO in 2018. News of Dubuc’s departure was first reported by Deadline.Ī former CEO of A+E, Dubuc joined Vice in 2018, replacing co-founder Shane Smith, who became executive chairman. “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.” “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. Vice did not comment on the exec’s contract or on who would succeed her. Nancy Dubuc departed as Vice CEO on Friday after helping clean up the company’s reputation as a toxic workplace during her five-year reign.Ī rep for Dubuc declined to comment but said her contract was up. George Soros fund nears $400M deal to buy Vice Media out of bankruptcy: reportĬash-strapped Vice Media is losing its chief executive as the Brooklyn-based company prepares to put itself up for sale. Refinery29 a victim of ‘woke’ politics, not fashion: Vice critics Soros, Fortress in a vise to find new buyer for bankrupt Vice Soros Fund, Fortress scoop up bankrupt Vice for $225M
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