Hozefa Lokhandwala has resigned as co-CEO of Vice Media Group less than a year after taking the position.
In a memo to staff, Lokhandwala revealed that he is leaving to start “a new endeavor.”
Lokhandwala, who joined Vice in 2018, serving as chief strategy officer, was named co-CEO with Bruce Dixon after the announcement of CEO Nancy Dubuc’s departure in February of this year.
The news of Lokhandwala’s leaving comes at the end of a turbulent year for Vice.
Vice filed for Chapter 11 bankruptcy in May, and was subsequently acquired by a group of creditors, including Fortress Investment Group, Soros Fund Management and Monroe Growth Capital, for an estimated $350 million.
Lokhandwala has previously worked for such firms as Bear Stearns and J.P. Morgan.