As longtime Hulu CEO Jason Kilar is stepping down at the end of the month, the video-streaming site has promoted vice president of content Andy Forssell as its interim CEO.
Kilar made the announcement in his blog Thursday, noting that Forrsell, who was responsible for Hulu’s content, “exemplifies the Hulu culture and has been central to Hulu’s journey.” In his role, Kilar said that Forrsell expanded Hulu’s library and increased the company’s partners from two in 2007 to over 450 by 2012.
Disney and Fox, who are the primary owners of Hulu, will make a decision about hiring a permanent CEO at a later date when both companies have finalized future plans for the video-streaming site.
During Kilar’s tenure as CEO, Hulu earned $695 million in revenue in 2012 and also doubled Hulu Plus subscribers from the year before. This year, Hulu is expanding its original programming and launching programs its first animated series “The Awesomes” featuring “Saturday Night Live” actor and writer Seth Myers. However, strong competition from Amazon Video and Netflix still remain as well as questions about a possible new ownership.