CNBC’s Caruso-Cabrera to join company board, will remain contributor

Nikhil Deogun, senior vice president and editor in chief at CNBC, and CNBC chairman Mark Hoffman sent out the following announcement on Monday:

After a stellar 20-year career at CNBC, Michelle Caruso-Cabrera, our Chief International Correspondent and Co-Anchor of “Power Lunch,” has decided to join the board of a financial services company, effective September 1.

There are few journalists who have been more closely associated with our network. Not only has Michelle anchored or filled in as anchor on every Business Day program, she has covered a wide range of stories from the 2008 financial crisis to multiple U.S. elections to the debt crisis in Greece. In her role as Chief International Correspondent, Michelle has parachuted into Cuba, Iran, Ukraine, Iraq and Italy, among many other countries, using her keen sense of storytelling to make news from abroad relevant and compelling for CNBC’s viewers. Her ability to shape a story and ask penetrating and provocative questions in her interviews has made her a role model for many journalists.

Fortunately, Michelle will remain part of the CNBC family as a contributor to the network, offering analysis and commentary on international affairs, financial markets and geopolitics. In addition, she will serve as a guest host for “Squawk Box” and other programs.

We wish Michelle all the best in her new adventure.

Caruso-Cabrera is joining the board of Beneficient, a Dallas-based financial services company specializing in private equity products, alongside board members such as former Dallas Fed President Dick Fisher and private equity pioneer Tom Hicks.