Vevo has confirmed reports that president and CEO Rio Caraeff will leave the company at the end of 2014.
A memo to Vevo staff outlining his departure was leaked by Re/code on November 15.
The company's board of directors has retained an executive search firm to help find Caraeff’s successor, effective immediately.
Vevo’s chief financial officer Alan Price will act as interim CEO effective as of January 1, 2015.
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