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The end of an era has arrived at CNBC: Mark Hoffman is stepping down from his role in charge of the financial news network and will be replaced by NBCU global advertising and partnerships president KC Sullivan.
In charge of CNBC since 2005 and the network’s chairman since 2015, Hoffman will serve in that role until Sept. 12, after which he will become a consultant to help manage the transition.
The New York Times broke the news Tuesday morning.
“Over the last 17 years as president and then chairman, Mark has overseen the continued steady growth of CNBC as the world’s No.
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