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CNBC chairman Mark Hoffman to step down

CNBC chairman Mark Hoffman to step down
News in brief

Mark Hoffman, the chairman of CNBC for the past 17 years, is stepping down effective September 12, according to reports.

He will be replaced by KC Sullivan, president and MD, global advertising and partnerships at NBCUniversal.

Hoffman is leaving “of his own accord”, according to reporting from CNBC.

He first joined the outlet in 1997, became its president in 2005, and assumed the role of chairman in 2015.

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