Head of Business News Leaving CNBC

Jonathan Wald
Jonathan Wald

We have some news out of our own network today that we thought we'd share with our viewers and readers .... Jonathan Wald, senior vice president of business news for the cable network, is leaving.

"Jonathan has made substantial contributions to the network over the last three years and been an important part of the successes we’ve seen over that time," CNBC President Mark Hoffman said in a note to employees. "Unfortunately, we could not come to terms on a new agreement and have made the decision together that the best solution is to part company at this time."

A former executive producer of Today and NBC Nightly News With Tom Brokaw, Wald joined CNBC in 2004 in primetime strategy and program development. Under Wald's leadership, CNBC won its first-ever Emmy Awards for Business & Financial Reporting in 2007 for the network's two-hour original documentary, "Big Brother, Big Business," and CNBC's monthly primetime business news magazine, "Business Nation."

Wald is staying through the end of the quarter and his future plans are as yet unannounced.

On a personal note, just want to say Jonathan was a friend of our Web site and really contributed to the synergy we have with the network. We'll miss him.