Politico Says CEO, Top Executives Are Leaving Companyby
Politico, the influential news group founded by a decade ago by former Washington Post journalists, said several of its top officials, including Chief Executive Officer and Co-founder Jim VandeHei, will be leaving the company.
They include Kim Kingsley, chief operating officer, Mike Allen, who writes the influential Playbook newsletter, Chief Revenue Officer Roy Schwartz and Danielle Jones, an executive vice president. VandeHei, Allen and Schwartz will remain through the 2016 election, according to a memo posted Thursday, while the others will leave sooner.
Robert Allbritton, Politico’s publisher and co-founder, said in the memo he plans to take a more direct role running the company and assume the title of CEO. The company expects to hire a new president, he said. Another co-founder, John Harris, will take on the role of publisher, in addition to editor in chief. Politico has almost 500 employees.