NBCU executive Sullivan to take on running CNBC

KC Sullivan,  president and managing director of NBCU Global Advertising and Partnerships based in London, is becoming the new head of CNBC, replacing Mark Hoffman.

Cesar Conde, chairman of the NBC Universal News Group, wrote in a memo:

Many of you already know KC, a 13-year veteran of NBCUniversal who has spent the last two years as President and Managing Director of NBCU Global Advertising and Partnerships based in London. In that role, he created the Global Partnerships team, which tripled revenue in two years, while building a collaborative, inclusive culture. He forged a strong partnership with Sky Media in the United Kingdom, Italy, and Germany and established a new partnership with the RTL Ad Alliance.

Before that, KC spent more than a decade in leadership roles at CNBC and NBCU News Group, including as President and Managing Director of CNBC International, Chief Financial Officer of the News Group, and CFO of CNBC. While at CNBC International, he opened bureaus in Abu Dhabi, Dubai, and China, launched partnerships in Indonesia and Thailand, and created “East Tech West,” a multi-year, industry-leading tech event in the Guangdong region of China.

In his new role, KC will be moving back to the United States shortly and will be reporting to me. Mark has agreed to stay on as a consultant to ensure a smooth leadership transition.