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The media company Recurrent Ventures has dismissed its chief executive officer, Alex Vargas, after one year in the role, according to two people familiar with the matter. Vargas had served as the chief operating officer for seven months before becoming CEO.
In his place, the company has elevated Andrew Perlman, a co-founder of Recurrent Ventures and former managing director at North Equity, the private equity company that owns Recurrent Ventures.
A representative for the company confirmed the news.
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