WarnerMedia CEO Jason Kilar has formally announced his exit from the company ahead of the Discovery merger completion. Kilar’s exit has been expected since the planned transaction of the WarnerMedia Discovery merger was announced last spring. Although AT&T, WarnerMedia, or Discovery never confirmed Kilar’s plans in the past year.
Jason Kilar has been the leader of WarnerMedia, working as CEO since May 2020. He was previously an Amazon executive and former CEO of the streaming service Hulu.
Jason Kilar wrote an internal memo to employees to announce his official leave.
“With the pending transaction with Discovery nearing close, now is the right time to share with each of you that I will be departing this amazing company,”
In the heartfelt memo to his team, Jason Kilar expressed his gratitude for his team and company and shared how fulfilled and happy he feels professionally. Commending their many outstanding endeavors together as a company, Kilar went on to say,
“It has been deeply gratifying to lean into the future alongside each of you and to do so with conviction.”
What’s next for Jason Kilar?
As the WarnerMedia CEO begins to wrap up his memo, he speaks of his appreciation of the company, the many people he’s met, and his admiration for the history and footprint they’ve created as a company. To conclude his memo, Jason Kilar went on to say,
“My heart is so full, and I am beyond thankful to each of you. There is no better team on the planet, and I will savor every last step as I wander the lot in Burbank several more times this week, with this team on my mind, always.”
The $43 billion conglomerations of WarnerMedia and Discovery are expected to be completed to merge next week formally. As Warner Media CEO Jason Kilar steps down, Discovery CEO David Zaslav will take over and lead the new company, Warner Bros. Discovery. Now that WarnerMedia CEO Jason Kilar has formally announced his departure on Tuesday, he has not commented on his next endeavors. Still, he has revealed he has no plans of retiring.
What are your thoughts on the WarnerMedia Discovery merger? Let us know in the comments below. We love to hear from you at The Nerd Stash.
