CNBC News Leader Jeremy Pink Is Out

Will be replaced by one-time Journal editor Nikhil Deogun

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In an internal memo to staff, CNBC CEO Mark Hoffman announced that Senior Vice President Jeremy Pink is stepping down. Pink will be replaced by CNBC Managing Editor for business day programming Nikhil Deogun, who will now have the title Senior Vice President and Editor in Chief, Business News.

According to sources at CNBC, Pink’s move was voluntary, and though his departure was announced to staff for the first time today, he had previously discussed his plans to leave with Hoffman in the last several weeks.

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