Vice Media Group (VMG) has promoted Bruce Dixon and Hozefa Lokhandwala to co-chief executive officers.

They replace Nancy Dubuc who last week announced her departure from the company after five years in charge.

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Vice Co-CEOs: Bruce Dixon and Hozefa Lokhandwala

Lokhandwala has been chief strategy officer at VMG since October 2018, and Dixon has been chief financial officer at VMG since 2021 and was previously CFO of Vice Studios.

They will lead the strategic and creative direction of VMG, working closely with its Board of Directors.

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The company is reportedly exploring a potential sale or further investment.

The Vice Board said in a statement: “Hozefa and Bruce are incredibly experienced and deeply talented executives who enjoy the full trust of Vice’s leadership team and Board, and are the right individuals to lead VICE forward. With their combined 10 years of experience at Vice, and their long commitment to the company’s brand, mission and operations, they’re perfectly positioned to guide the company through this next important stage of growth.”

Dixon and Lokhandwala said: “We’re both passionately committed to bringing the brand, business operations and creative spirit of Vice forward into the future, and we’re excited and grateful for this opportunity to continue to work closely with the Board and VMG’s exceptional management team. This is an era of tremendous change for media companies, and Vice’s unique brand of news, entertainment and lifestyle content has never been more relevant.” 

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