Vevo Appoints Erik Huggers as New CEO

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Former Verizon executive Erik Huggers has been appointed president and CEO of online video platform Vevo, effective immediately. The company said Huggers will zero in on innovation, programming, branding and building partner relationships in his role.

Huggers replaces Rio Caraeff, who departed late last year. Alan Price has been serving as acting CEO of the company, founded in 2009 in partnership with Google Abu Dhabi Media, Universal Music Group and Sony Music Entertainment.

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"We are enormously excited about the future of Vevo under Erik’s leadership," members of Vevo's leadership said in a statement. "We are committed to continued support and investment in the long term success of the company. Vevo has developed into the world’s music video leader that reaches music fans on all devices. With a proven track record of innovation, Erik has the perfect skill set to grow the Vevo business."

Until recently, Huggers was a svp at Verizon as well as president of the company's recently acquired Internet TV platform OnCue, which he developed while working at Intel. Prior to that, Huggers held senior roles at BBC, Microsoft and Endemol Entertainment.

"The Vevo team has built the leading video service that has been embraced by passionate music fans around the world," Huggers said in the announcement. "I believe there is great potential in accelerating innovation to delight audiences with new product features and premium content."