VICE Media Group appoints co-CEOS
The Future. After Nancy Dubuc’s exit last week, VICE Media Group (VMG) promoted two longtime executives, Bruce Dixon and Hozefa Lokhandwala, to co-CEOs to lead the company through its next chapter. As the twin CEO approach gains traction, more companies could embrace this new management structure as a way to relieve a single person of impossible corporate demands.
A two-person jobVMG’s new duo will reportedly guide the strategic and creative direction of VICE Media alongside the board of directors. Who are they?
Dixon has been CFO at VMG since 2021 and was previously CFO of VICE Studios. Before that, he was finance director of global markets for BBC Studios.
Lokhandwala has been the chief strategy officer at VMG since 2018. Prior to that role, he served as a managing director in J.P. Morgan’s Media Investment Banking Group.
A cash-strapped companyVMG has been seeking a buyer for the past year.
Its main business units are VICE.com, the VICE Studios film and TV production unit, the VICE TV television network, VICE News, and the creative agency Virtue.
The company’s portfolio includes Refinery29, London-based Pulse Films, and the style publication i-D.
While it’s unclear how Dubuc’s previous responsibilities will be divided between Dixon and Lokhandwala, having two co-CEOs with the right expertise could boost VMG stock and position the company for a sweet sale.
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