Vevo CEO Rio Caraeff is on his way out of the music videos company after six years at the helm. After a leak in the New York Post this weekend, Caraeff swiftly confirmed the news in an email to staff. “We have won many battles and have lived to fight another day. Although there are many more to fight and much work to be done I know that you are all up for the task,” wrote Caraeff, noting that chief financial officer Alan Price will be interim CEO while Vevo seeks a new permanent leader. Recode provides some extra gossip, suggesting that Caraeff has been considering an exit for some time, including a potential job handling media for GoPro. Meanwhile, the New York Post referred to Vevo’s label owners wanting to “move forward with someone who has a fresh vision”. Who they pick will show how they see the future of Vevo at a time when – thanks to YouTube Music Key – its position in the market is being questioned anew.
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