CNBC's ME promoted to senior VP as Pink leaves network

Jeremy Pink, the senior vice president of CNBC, is leaving the business news network, and is being replaced by Nik Deogun, the managing editor.

CNBC president Mark Hoffman, in a note to the staff, writes:

I am pleased to announce that Jeremy’s replacement comes from within CNBC. Nikhil Deogun will be promoted from managing editor for business day programming to the role of Senior Vice President and Editor in Chief Business News overseeing business day content, coverage and production.

Nik joined CNBC in February 2010 from the Wall Street Journal where he was the deputy managing editor responsible for financial coverage and directing the Journal’s international network of bureaus and correspondents. Prior to this, Nik was the editor of the Money & Investing section, where he oversaw coverage of Wall Street, banking, hedge funds, private equity, mutual funds, financial markets, investing and personal finance.

Nik joined WSJ as a reporter in Atlanta in 1994 and moved to the New York bureau in June 1999 where he covered mergers and acquisitions and corporate finance for the paper’s Money & Investing section. Nik later spent three years as Media and Marketing Editor where he oversaw coverage of entertainment, publishing, advertising, consumer products, fashion, retail and other industries.

Here is the story when Pink became senior vice president of business news in 2009.