CEO Succession Plans in Place at Hulu

March 15, 2013 World Screen Top Stories
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LOS ANGELES: Following Jason Kilar’s departure from Hulu, Andy Forssell, currently the senior VP of content, will take over the role of CEO on an acting basis.

Forssell has been with Hulu since 2007. When Kilar exits later this month, Forssell will assume the day-to-day responsibilities as CEO, though only on an "acting" basis, until a permanent replacement is found.

The news was unveiled in a memo from Kilar to Hulu staff, which has been posted on the company’s blog. In it, Kilar says: "You know Andy well; he’s been a critical senior executive and has been here from the start of this great adventure. Andy exemplifies the Hulu culture and has been central to Hulu’s journey, helping to grow this company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012. In his role, Andy has built strong relationships with many of our Board members. Andy has the Board’s strong support in leading the team during this important time.

"Disney and News Corporation are currently finalizing their forward-looking plans with Hulu, and the senior team has been working closely with them in that process. Once the plans are finalized, a permanent decision will be made regarding the CEO position.
 
"As I mentioned to you all at the beginning of this year, Hulu’s focus remains on delivering a fantastic 2013 for customers and shareholders. Hulu is well on its way, with new records being set in Q1 across both revenue and subscriber additions. The unwavering focus on delighting Hulu’s customers is clearly showing up in the outputs of the business."