BuzzFeed chairman Ken Lerer steps down after ten years on the company's board.
On Tuesday, Axios reported that Lerer, who also left Viacom's board earlier this year, told the board last week that he was leaving media publishers to spend more time investing in new media companies through his venture capital firm in New York. Learns Hippeau Ventures.
Lerer & # 39; s departure comes in a tumultuous period for BuzzFeed, which increased 15 percent of the company's total workforce earlier this year in connection with a reorganization of the company. The site's news department has also been in a month-long struggle with corporate governance over the union, which resulted in an expiration of employees earlier in the month.
Prior to joining BuzzFeed, Lerer previously appeared in The Huffington Post, now known as HuffPost, in 2005 along with Arianna Huffington.
Axios reported that BuzzFeed has not yet decided whether his position will be replenished.
Jonah Peretti, who co-founded both BuzzFeed and The Huffington Post with Lerer and Huffington in 2005, remains with BuzzFeed as the company's CEO.