Back in January, Hulu CEO Jason Kilar announced that he would be stepping down at the end of Q1. And as that time fast approaches, Hulu has finally announced who will replace him when he leaves.
According to Kilar, Andy Forssell will be tapped as acting CEO when he steps down at the end of March.
Forssell is currently the Senior Vice President of Content at the company who signed on in 2007.
“In his time at Hulu, Andy has accelerated the growth of the content business from just two content providers in 2007 to more than 410 today, and has led the expansion into original programming. Andy brought to Hulu more than a decade of experience at Siebel Systems and Oracle Corporation where he served in a number of leadership roles including product development, customer care, datacenter operations and supplier management for their hosted CRM software-as-a-service businesses,” says Hulu’s about page.
Kilar sent this letter to the Hulu team, and it’s been cross-posted to the Hulu blog:
Team –
As you all know, I will be departing Hulu at the end of this quarter. I wanted to share the news that Andy Forssell will be stepping up to lead Hulu as acting CEO after I depart later this month. You know Andy well; he’s been a critical senior executive and has been here from the start of this great adventure. Andy exemplifies the Hulu culture and has been central to Hulu’s journey, helping to grow this company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012. In his role, Andy has built strong relationships with many of our Board members. Andy has the Board’s strong support in leading the team during this important time.
Disney and News Corporation are currently finalizing their forward-looking plans with Hulu, and the senior team has been working closely with them in that process. Once the plans are finalized, a permanent decision will be made regarding the CEO position.
As I mentioned to you all at the beginning of this year, Hulu’s focus remains on delivering a fantastic 2013 for customers and shareholders. Hulu is well on its way, with new records being set in Q1 across both revenue and subscriber additions. The unwavering focus on delighting Hulu’s customers is clearly showing up in the outputs of the business.
Jason