Judy McGrath, chairman and CEO of Viacom-owned MTV Networks, is leaving the company after a 30-year run.
“We have attracted and nurtured the best talent in the world, and I know that will always be a hallmark of the company,” McGrath said in a statement. “Creatively, financially, all the brands and businesses are in wonderful shape today. I leave with pride, joy and gratitude for the ride of a lifetime. I especially thank my friends and colleagues on the senior team, who will continue to lead a kick-ass organization. They have my respect and affection, always.”
McGrath, who was named chairman and CEO in 2004, began her MTV career as a copy writer in 1981. MTV has not named a successor, and various division heads will now report directly to MTV CEO Philippe Dauman. Those executives include Doug Herzog, president, MTVN Entertainment Group; Van Toffler, president, MTVN Music & Logo Group; and Cyma Zarghami, president, Nickelodeon & MTVN Kids & Family Group.
Dauman said in a statement that the company respects McGrath’s decision to “leave at the very top of the game.”
“Judy has long been the creative heart and inspiring soul of MTV Networks and has deservedly been associated with so much of the great entertainment, cultural relevance, social significance and business success that have defined our media networks over the years,” he said. “Her positive and passionate spirit has helped create an organization that is recognized for truly listening to its audiences, not only about their entertainment choices, but also about the social issues and the causes that matter to them most.”