WarnerMedia CEO Jason Kilar will be stepping down from his role as the company’s merger with Discovery nears its close.
Kilar made the announcement to employees via email on Tuesday before appearing on CNBC’s “Tech Check.”
“I have been hear almost a year since the deal was announced for a couple simple reasons,” Kilar told CNBC’s Julia Boorstin. “One, I love the team, the mission, I love this company. There was never a doubt in my mind I was going to stay through the end until the transition.”
Kilar, the one-time CEO of Hulu, was named the head executive of AT&T’s WarnerMedia division a month in the pandemic in April 2020. He began the role in May just as the streaming platform HBO Max launched. He was also responsible for making the controversial decision to release all of Warner Bros.’ movies on streaming and in theaters during 2021.
Kilar is expected to depart Friday.
“I don’t have any grand proclamations,” Kilar said about his future. “I’m not going to a beach to retire. I’m excited about what comes next. Right now, I am focused on Warner Media.”
With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company.
There are many feelings one could have in a moment like this, but for me there are none bigger, or more lasting, than the feelings of gratitude and love that I have for this team, this company, and this mission. I’ve never been more fulfilled professionally. I’ve never been happier professionally. This team – and what we’ve built together – are the reasons for that. We’re leading the industry creatively. We’ve elevated technology, product, and design to the highest levels in the company. We’re operating as one team, proudly and successfully going direct to consumers across the globe. It has been deeply gratifying to lean into the future alongside each of you and to do so with conviction.
The joys are many, especially the walk-and-talks that I’ve had with a great many…
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