Vice Media’s Shane Smith out as CEO, being replaced by Nancy Dubuc

Vice Media marked the end of an era Tuesday as Shane Smith officially handed over the title of chief executive officer to Nancy Dubuc.

Smith, the co-founder of Vice and long the face of the millenial-focused brand, will move into the role of executive chairman “to focus on strategic deals and content development,” the company said in a press release.

In a statement, Smith praised Dubuc, most recently the CEO of A+E Networks, with whom he worked in launching Vice’s 24-hour television channel, Viceland.

“Why Nancy Dubuc? Simply put, because rarely in business do you get to work in a perfect partnership,” Smith said in a statement.

This is a developing story and will be updated…

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