Richard Plepler to Exit HBO

After 27 years with HBO, CEO Richard Plepler has decided to exit his post.

Plepler announced his departure to HBO staff in a memo on Thursday. “Hard as it is to think about leaving the company I love, and the people I love in it, it is the right time for me to do so,” he said.

Plepler noted that he will be working with closely with John Stankey, CEO of WarnerMedia, “to assure a seamless and organic transition. We’ve created a great and unique enterprise and I know that you will protect its legacy and do all to enhance its future in the years to come.”

Plepler joined the company in 1992 and became its co-president in 2007.