Days after Nancy Dubuc announced to staff at Vice Media Group (VMG) that she was departing from her post as CEO, the millennial-skewing content company has appointed two senior Vice executives as co-CEOs.

Hozefa Lokhandwala (pictured right) and Bruce Dixon (left) will now lead the strategic and creative direction of VMG, working closely with its board of directors. Lokhandwala had been chief strategy officer for the company since 2018, while Dixon had been chief financial officer since 2021, having previously served as CFO for the company’s production wing Vice Studios.

A statement from VMG’s board of directors reads: “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.”

“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,” said Lokhandwala and Dixon in a joint statement. “We look forward to building on its success as we chart the next exciting chapter for the company.”

Unlike Dubuc, who came from a content production and commissioning background via her two-decade run at A+E Networks, Lokhandwala and Dixon take the co-CEO posts steeped in experience on the financial end of the media business.

Prior to boarding VMG, Lokhandwala served as a managing director in the Media Investment Banking Group at J.P. Morgan. As the head of content and entertainment investment banking, he provided M&A advisory, capital markets and corporate finance advice to media clients.

Dixon, meanwhile, came to VMG after a stint as finance director, global markets for BBC Studios. He also served as group controller and head of financial planning and analysis for Central Media Enterprises.

The appointments of Lokhandwala and Dixon come as Vice is exploring options for a sale. Assets under the Vice Media Group umbrella include its content production and distribution divisions, prodco Pulse Films, creative agency Virtue, and multiple online brands, including Refinery29.

This story first appeared in Realscreen

Image courtesy of Vice Media Group