LOS ANGELES (CelebrityAccess) — Music video and entertainment platform Vevo announced a shakeup in the executive suite as CEO Erik Huggers announced that he was stepping down from his post to pursue other opportunities.
Effective immediately, Alan Price has been named interim CEO, adding to his current role as Chief Financial Officer.
In making the announcement of Huggers’ exist, Vevo’s board of directors said, “We would like to thank Erik for his hard work, dedication, and leadership at Vevo, which grew dramatically during his tenure and helped forge stronger connections between artists and fans through popular features and original programming.”
Huggers has been at the helm of Vevo since 2015 and led the company’s transition away from their leading syndication partner YouTube. As well, he championed a turn towards a subscription-based business model, which he announced in February, but the rollout of the paid subscription service has been back-burned while the company focused on international expansion.
Prior to joining the team at Vevo, Huggers lead tech giant Intel’s brief foray into Internet television OnCue, but the venture never made it to consumers.