CNBC senior vice president Jonathan Wald will leave the top-rated business network at the end of March.
The surprise announcement came after Wald, who has been in charge of the network's daytime programming, was sounding out prospects of eventually becoming head of the network, according to sources.
Mark Hoffman, president of the network, broke the news to CNBC staff in an e-mail on Tuesday.
"After months of conversations, I'm disappointed to let you know that Jonathan will leave CNBC at the end of March," wrote Hoffman. "Jonathan has made substantial contributions to the network over the last three years and been an important part of the successes we've seen over that time. Unfortunately, we could not come to terms on a new agreement and have made the decision together that the best solution is to part company at this time."
According to Hoffman's e-mail, Wald will "work closely" with Hoffman on the transition. No one thinks that Wald, 42, is likely to ride into early retirement. There is much speculation about where he will end up next. Sources inside CNBC shot down suggestions that he could go to Fox Business Network.
Read the complete story at B&C.
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