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Ex-CNBC Head Bolster Retiring

Bill Bolster, who oversaw CNBC during the nation’s last economic boom, announced Wednesday that he is retiring from NBC.

Bolster headed the financial-news network as chairman and CEO from 1996-2001. He joined NBC in 1991 as president and general manager of WNBC.

Most recently, he shared responsibility with Karen House, senior vice president of Dow Jones & Co. and publisher of The Wall Street Journal, in leading CNBC International, the joint venture between CNBC and Dow Jones.

Before joining NBC, Bolster was president of Multimedia Broadcasting from 1989-91.

"I have been at NBC for over 12 years, and it has been my great pleasure to work with some of the most talented people in the entertainment/media business," Bolster said in a prepared statement.

"I will always cherish my time at NBC and am extremely grateful to [General Electric Co. vice chairman and NBC chairman and CEO] Bob Wright and GE for giving me the opportunity to contribute to the success of this great institution," he added. "I am proud of the success we achieved during my tenure."